Regulatory Alerts2025-12-01
CL-2025-047: Electronic Submission of Applications, Requests, and Other Requirements to the Bangko Sentral ng Pilipinas – International Operations Department (BSP-IOD)
The Bangko Sentral ng Pilipinas mandates that all applications, requests, and requirements for foreign exchange transactions under the FX Manual be submitted electronically to the International Operations Department effective 15 December 2025. This directive requires specific submissions, such as approvals for public and private sector foreign borrowings and notices for private sector loans, to be sent via email, while inward investment registrations must be processed through the Foreign Loans Management System. The circular supersedes Circular Letter No. CL-2025-022 and maintains existing reportorial requirements for Authorized Agent Banks and other entities as outlined in the FX Manual.
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