Regulatory Alerts2025-02-04
M-2025-004: Cancelled and Replaced Bangko Sentral Registration Documents (BSRDs)
Bangko Sentral ng Pilipinas issued Memorandum No. M-2025-004 to update the list of cancelled and replaced Bangko Sentral Registration Documents (BSRDs) as of the third quarter of 2024. The directive instructs Authorized Agent Banks and their subsidiaries to cease honoring these specific documents for foreign exchange purchases related to capital repatriation or earnings remittance. This action enforces Section 38 of the Manual of Regulations on Foreign Exchange Transactions regarding BSRDs invalidated due to investment changes or transfers between April 2020 and December 2022.
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