Regulatory Alerts2024-03-12
Circular No. 1190: Revised Guidelines in the Computation of Annual Supervision Fee under Section 28 of R.A. No. 7653 as Amended by R.A. No. 11211
The Bangko Sentral ng Pilipinas issued Circular No. 1190 to implement amendments to the Manual of Regulations for Banks and Non-Bank Financial Institutions regarding the computation of Annual Supervision Fees. The revised guidelines define Total Assessable Assets for banks based on end-of-month balances and for quasi-banks based on end-of-quarter balances, excluding specific liquid assets while including trust department assets under management. These updated fee computation standards take effect immediately upon publication in the Official Gazette or a newspaper of general circulation.
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