Regulatory Alerts2024-05-30
Pru Life U.K. Asset Management and Trust Corporation Voluntary Surrender of Trust License
The Bangko Sentral ng Pilipinas issued this circular to inform supervised financial institutions of the Monetary Board's approval of Pru Life U.K. Asset Management and Trust Corporation's voluntary surrender of its trust license. The decision was formalized in Resolution No. 332 dated 21 March 2024. This notice serves as official guidance regarding the termination of the entity's authorization to operate as a trust corporation.
Page Classification: GENERAL
OFFICE OF THE DEPUTY GOVERNOR I FINANCIAL SUPERVISION SECTOR CIRCULAR LETTER NO. CL-2024-___ To : All BSP-Supervised Financial Institutions Subject : Pru Life U.K. Asset Management and Trust Corporation (PAMTC)- Voluntary Surrender of Trust License The Monetary Board (MB), in its Resolution No. 332 dated 21 March 2024, approved the voluntary surrender of the license of the PRU LIFE U.K. ASSET MANAGEMENT AND TRUST CORPORATION to operate as a trust corporation. For information and guidance. CHUCHI G. FONACIER Deputy Governor 30__ May 2024