Regulatory Alerts2026-07-23
Added · Updated
CIB Circular Letter No. 01/2026: Regarding CIB Online Service Fees, Charges, Penalties for Late Data Upload, and Breach of Confidentiality
The Credit Information Bureau mandates that scheduled banks and financial institutions submit monthly information by the 10th day of the following month to qualify for exemption from online service charges. Applications for adjustment of deducted charges must be filed within 10 days of the Bureau's notification, while late exemption requests for periods up to June 30, 2026, must be submitted within 15 days of this circular's issuance. Revised applications are required if calculation discrepancies are identified, and failure to meet these deadlines results in the rejection of exemption or adjustment requests.
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