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.
BANGl<O SENTRAL NG PILIPINAS OFFICEOFTHE DEPUTY GOVERNOR I MONETARY AND ECONOMICS SECTOR Subject CIRCULAR LETTER No. cL-2025-o4.7 All Authorized Agent Banks IAABsj/Subsidiary/AmIiate Foreign EXchange Corporations of AABS IAAB Forex Corpsj and All Concerned Pursuant to item 4-. a, Part One, Chapter I of the Manual of Regulations on Foreign EXchange Transactions IFX Manual). as amended, applications, requests, and other requirements on foreign eXchange (FX) transactions covered under the FX Manual for submission to the BSP-100' shall be made through electronic means as follows, effective 15 December 2025: Electronic Submission of Applications, Requests, and Other Requirements to the Bangko Sentral rig Pilipinas - International Operations Department IBSP-100) Transaction Submission cedure Fore' n borrowi and fore' n curie loansjFCY}fomauthorized ent banks IAABs) I. Approval of public sector foreign borrowings and Via email at FCY loans from AABs2 2. Approval of publicly-guaranteed private sector Via email at forei n borrowin s and FCY loans from AABs2 3. Notice to the BSP for purely private sector foreign borrowin s: a. By AABs and non-bank financial institutions Via email at ' with quasi. banking functions (NBQBs) b. By private sector entities other than AABs and NBQBs 4. R istrotion of rivate sector forei n borrowin s2 Investments I. Registration of inward investments under Section 36 Through the Foreign Loans of the FX ManualZ and Investments Management System (FLIMS) . Investment Module 11MI 2. Prior notice on FX purchases for outward Via email at investments in excess of the Us060 million annual threshold IAnnex U of the FX Manual) . Other transactlons I. Authority for cross-border transfer of legal tender Via email at Phili ine curtenc in excess of PHP50.000.00 2. Other requests The operational guidelines for the submission of applications for inward investments under Section 36 of the FX Manual and other related requests through the FLIMS-IM shall be covered by a separate issuance. ICOpy furnished Via email at The submission of documents on FX transactions to AABs/AAB forex corps (e. g. . to support the purchase of FX) shall be based on the manner prescribed by AABs/AAB forex corps. Including related requests and requirements Via email at
The reportorial requirements on FX transactions of AABs/AAB forex corps and other entities/individuals concerned shall continue to be governed by Sections 101 and 102, as well as Appendix 22 (Reportorial Requirements) of the FX Manual. This herebysupersedesCircular Letter No. CL-2025-022 dated 19 May 2025. For guidance and implementation, 01 December 2025 ZENO RO D R. BENO. A Dep ty Governor Page 2 of 2