Regulatory Alerts2026-06-24
Guidelines on the Submission of the Report on Temporarily-Held Funds (THF) through the Advanced Suptech Engine for Risk-based Compliance (ASTERisC*) Platform and the Execution of Annual Notarized Certification
The Bangko Sentral ng Pilipinas (BSP) issued guidelines requiring all Bangko Sentral-Supervised Institutions (BSIs) to submit periodic reports on Temporarily-Held Funds (THF) and an annual notarized certification on compliance with risk management systems and controls. Effective July 9, 2026, BSIs enrolled in ASTERisC* must submit monthly THF reports via the platform by the 15th of the month, with the initial report due September 15, 2026, for August 2026 data. Additionally, BSIs that temporarily held funds must submit an annual notarized certification of compliance to the Consumer Account Protection Office within 30 calendar days from year-end.
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