Circular No. 1192: Amendments to Foreign Exchange Regulations Covering Foreign Investments

Classification: GENERAL Page

OFFICE OF THE GOVERNOR
CIRCULAR NO. ______
Series of 2024
Subject: Amendments to foreign exchange regulations covering foreign investments The Monetary Board, in its Resolution No. 322 dated 21 March 2024, approved the following rules and regulations governing foreign exchange (FX) transactions:
SECTION 1. The following provisions of the Manual of
Regulations on Foreign Exchange Transactions (FX Manual, issued under Circular No. 645 dated 13 February 2009, as amended) are further revised as follows:
“PART ONE. RULES ON FOREIGN EXCHANGE TRANSACTIONS
Chapter I
GENERAL PROVISIONS x
5. Processing fees. Applications for approval/registration of
foreign/foreign currency loans/borrowings, inward investments and other FX transactions filed with the BSP-IOD shall be free of charge. x
7. Post-verification of FX transactions and reports may be
undertaken by the BSP to verify compliance with the provisions of the FX Manual and/or the condition/s imposed on the approval/registration/authority granted/issued by the BSP and for monitoring purposes. A violation of any of the provisions of the FX Manual and/or the condition/s imposed on the approval/registration/authority granted/issued by the BSP may be a ground for cancellation/revocation thereof.
8. The terms used herein are as defined in the “Glossary of Terms”
hereof unless otherwise indicated in specific sections of the FX Manual. x

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PART TWO. CURRENT ACCOUNT TRANSACTIONS
Chapter I
NON-TRADE CURRENT ACCOUNT TRANSACTIONS, PESO DEPOSIT ACCOUNTS OF NON-RESIDENTS AND CROSS-BORDER TRANSFER OF LOCAL AND FOREIGN CURRENCIES x
Section 2. Sale of FX for Non-Trade Current Account
Transactions

Sale of FX for Non-Trade Current Account Transactions of
Residents with Non-Residents. AABs/AAB forex corps may sell FX without need for prior BSP approval to cover payments for non-trade current account transactions (other than those related to foreign/foreign currency loans and investments) listed under
Appendix 1, subject to submission of the following to the FX selling
institution:
a. xxx b. xxx
c. xxx

FX sold by AABs/AAB forex corps for non-trade current account transactions shall either be:
i. xxx
ii. xxx
The remitting bank shall report the FX remittances to BSP under the relevant schedule/s of FX Form 1/1A, as applicable, based on instructions of, and the purpose declared by, the FX purchaser. FX sold for travel and medical expenses abroad not yet incurred, and sales proceeds of emigrant’s domestic assets where the emigrant is still in the country, may be held in cash, or directly remitted to the intended beneficiary, or credited to the FX purchaser’s FCDU account in accordance with items (i) and (ii) above.
2. Sale of FX to Non-Resident Tourists and Balikbayan.
AABs/AAB forex corps may sell FX to non-resident tourists and balikbayan to the extent of the amount of FX shown to have been sold for pesos by the non-residents to AABs/AAB forex corps. Departing non-resident tourists and balikbayan may reconvert at airports or other ports of exit unspent pesos up to a maximum of USD10,000 or

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its equivalent in other foreign currency, calculated at prevailing exchange rates, without showing proof of previous sale of FX for pesos.
Section 3. Peso Deposit Accounts1 of Non-Residents
x
2. Sale of FX to Non-Residents for Peso Deposit Accounts
x
c. The remitting depository bank shall report the FX
remittances xxx.
For remittance arising from Item 1.h, the FX remittance shall be reported to the BSP, through the IOD, using the prescribed form (Annex Y) within two (2) banking days from date of actual remittance.
Section 4. Cross-Border Transfer of Local and Foreign
Currencies x
Chapter II
FOREIGN MERCHANDISE TRADE TRANSACTIONS x A. IMPORT TRADE TRANSACTIONS x
Section 9. Letter of Credit (LC)
x
2. Deferred L/Cs shall be governed by the pertinent provisions
of Part Three, Chapter 1 (Loans/Borrowings and Guarantees) hereof. For this purpose, deferred L/Cs shall refer to those with payment terms of more than one year reckoned from initial shipment date. x
PART THREE. FINANCIAL ACCOUNT TRANSACTIONS
1 xxx

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Chapter I
LOANS/BORROWINGS AND GUARANTEES x
Section 23. Public Sector2 Loans/Borrowings –
x
3. Applications for approval of foreign/foreign currency loans/
borrowings shall be submitted using the prescribed form (Annex D.1), supported by required documents/information:
x
4. Proceeds of foreign/foreign currency loans/borrowings
(including those from issuances of bonds/notes/other debt instruments) of the National Government, its political subdivisions and instrumentalities, and GOCCs3 shall be deposited with the BSP pending utilization, pursuant to Section 113 of Republic Act (R.A.) No. 7653 (The New Central Bank Act) dated 14 June 1993, as amended. x
Chapter II
INWARD INVESTMENTS
Section 32. General Policy. xxx

xxx
xxx
A Bangko Sentral Registration Document (BSRD) shall evidence the BSP registration of investments.4 x 2 xxx 3 For the purpose of this provision, GOCCs shall refer to those created by special laws. The term excludes government financial institutions such as but not limited to Development Bank of the Philippines, Land Bank of the Philippines and Al-Amanah Islamic Investment Bank of the Philippines, corporations created under the provisions of the Corporation Law (Act No. 1459, as amended) or the Revised Corporation Code of the Philippines (Republic Act No. 11232), and private corporations taken over by the GOCCs. 4 Except those covered by Section 37 for which a BSRD shall no longer be issued

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Section 33. Inward Foreign Investments5
in Instruments
Issued by Residents. xxx

xxx
xxx
The following investment instruments may fall under the
category of foreign direct investments or foreign portfolio investments depending on the degree of control or influence of the investor in the investee firm6 which can be determined regardless of the investment instruments as defined under Sections 33.1 and 33.2:
a. xxx b. Debt securities (e.g., notes, bonds and non-participating preferred shares) issued by private sector residents that are not covered by the provisions of Part Three, Chapter I of the FX Manual (Loans/Borrowings and Guarantees) – (i) not listed; and (ii) listed at an onshore exchange [e.g., PSE, Philippine Dealing and Exchange Corporation (PDEX)]; x
Section 35. Other Forms of Investments. For registration
purposes, these refer to investments by non-residents in instruments issued by residents and non-residents which are not covered by Sections 33, 34 and the provisions of Part Three, Chapter I of the FX Manual (Loans/Borrowings and Guarantees), and not contrary to applicable laws, rules and regulations.
Section 36. Registration with BSP
The following inward investments shall be registered with
the BSP:
Investment/Instrument Section xxx
c. Debt securities issued onshore by private sector residents
that are not listed at an onshore exchange and not covered by the provisions of Part Three, Chapter I of the FX Manual (Loans/Borrowings and Guarantees)
Section 33.3.b.(i)
xxx g. Instruments issued by residents and non-residents which are not covered by Sections 33, 34 and the provisions of Part Three, Chapter I of the FX Manual (Loans/Borrowings and Guarantees), and not contrary to applicable laws, rules and regulations
Section 35
xxx
5 xxx
6 xxx

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x
Section 37. Registration with the BSP through AABs

Investments in the following instruments shall be registered
upon reporting thereof by the registering AAB to the BSP; Provided, that the applicable guidelines on registration/reporting of investments and supporting documents (Appendices 10.B and 10.C) are duly complied with:
Investment/Instrument Section a. Debt securities issued onshore by the National Government and other public sector entities
Section 33.2
b. Equity securities issued onshore by residents that are listed at an onshore exchange (e.g., PSE)
Section 33.3.a.(ii)
c. Debt securities issued onshore by private sector residents that
are listed at an onshore exchange and not covered by the provisions of Part Three, Chapter I of the FX Manual (Loans/Borrowings and Guarantees)
Section 33.3.b.(ii)
d. ETFs issued/created onshore by residents Section 33.3.c e. PDRs that are listed at an onshore exchange Section 33.3.e.(ii) f. Peso time deposits with an AAB with a maturity of at least 90 days
Section 33.4
g. Equity securities issued onshore or offshore by non-residents that are listed at an onshore exchange
Section 34.1
h. Debt securities issued onshore by non-residents that are listed at an onshore exchange
Section 34.2.b
i. Instruments under Section 37.1 (a-h) used as collateral
involving transfer of legal/beneficial ownership of the collateral to the non-resident investor7 -
A registering AAB is a bank with authority to operate an
FCDU that has been designated by the non-resident investor to report and monitor his investments. The registering AAB shall regularly report all transactions, including new/additional investment/s of a nonresident investor, using the prescribed forms within the prescribed deadline as provided in Appendix 10.B.
FX inwardly remitted to fund investments under
Section 37.1 must be converted to pesos with AABs/AAB forex corps
except if investment is required to be funded by FX.
xxx
Section 38. Servicing of Investments8
xxx
7
Investments in instruments under Section 37.1 (a-h) arising from return/refund of collateral shall be registered with the BSP through AABs. 8 xxx

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2. AABs/AAB forex corps may sell to the non-resident investor
or his authorized representative (whether resident or non-resident) the equivalent FX of the peso sales/divestment proceeds and related earnings from BSP-registered investments, upon submission to the FX selling institution of a duly accomplished and signed Application to Purchase FX (Annex A), with the document/s listed under
Appendix 1.4.
3. a. FX sold by AABs/AAB forex corps for repatriation of
capital and remittance of related earnings shall be directly remitted to the account (whether onshore or offshore) of the non-resident investor or his intended beneficiary on the date of FX sale, except as indicated in item (b) below. b. In the case of investments in instruments under Sections 33.1 (foreign direct investment) and 33.3.a.(i) (equity securities not listed at an onshore exchange), FX sold may also be credited to the FCDU account of the non-resident investor’s resident agent/authorized representative with the FX selling AAB (or another AAB) for: (i) future reinvestment onshore; or (ii) eventual remittance to the intended beneficiary; Provided, that the applicant purchaser shall certify that: (i) the crediting of funds to the FCDU account of the designated resident agent/authorized representative is duly authorized by the non-resident investor; (ii) the FX shall be used for the declared purpose; (iii) funds credited to the FCDU account shall eventually be remitted to the non-resident investor or his intended beneficiary unless intended to be reinvested onshore; and (iv) the applicant purchaser shall include the purpose of the remittance in the remittance instructions to the remitting bank.
c. xxx
4. xxx
5. AABs/AAB forex corps may likewise sell FX upon submission
to the FX selling institution of a duly accomplished and signed Application to Purchase FX (Annex A), with the documents listed under Appendix 1.4, for the following:
a. Settlement of FX obligations/payables of residents to non-resident investors relative to FX-denominated equity and debt securities issued by residents that are not covered by the provisions of Part Three, Chapter I of the FX Manual (Loans/Borrowings and Guarantees); and x

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PART SIX. GENERAL PROVISIONS
Chapter I
REPORTS AND PENALTIES
Section 101. Reportorial Requirements. The following reports
are required to be submitted to the BSP by AABs, OBUs, and AAB forex corps where applicable:
Title of Report
Submission
Frequency/
Deadline
Submission
Procedure
Category A. Consolidated Report on Foreign Exchange Assets and Liabilities xxx G. Registering/FX selling/Remitting Banks xxx A-2 Report on Foreign Investments Registered with the BSP through AABs (Annex R), including the Report on Funding for Foreign Investments Registered with the BSP through AABs (Annex S) For the Newlyissued BSP Reference Number and Inward Investment sheets of
Annex R, and
Annex S: Within
two (2) banking days from actual settlement date or date of compliance with
Appendix 10.C
For the
Repatriation sheet of Annex R:
Within two (2) banking days from actual remittance date Email to IOD at iod_imag_fi_aab@ bsp.gov.ph in .pdf and .xls/.xlsx format xxx A-2 Report on Outstanding Balances of Foreign Investments Registered with the BSP through AABs (Annex AB) Quarterly, within 15 banking days after end of reference quarter Email to IOD at iod-pid@bsp.gov.ph in .pdf and .xls/.xlsx format A-2 Report on Foreign Direct Investments Registered with the BSP through AABs (Annex AD) Monthly, within five (5) banking days after end of reference month Email to IOD at iod-pid@bsp.gov.ph in .pdf and .xls/.xlsx format xxx

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x
Section 104. (Reserved)
x
Glossary of Terms
FOR PURPOSES OF THIS MANUAL, the following definitions are adopted:
x
Bangko Sentral Registration Document (BSRD) 9 is a document evidencing registration of foreign investments and loans. The registration allows the transacting party to access the FX resources of, or purchase FX from, AABs/AAB forex corps against Philippine Pesos for servicing/settlement of these transactions. x Debt securities referred to in Section 33.3.b of the FX Manual are negotiable instruments (e.g., notes, bonds and convertible notes) that serve as evidence of a debt. Non-participating preferred shares that pay a fixed income but do not provide for participation in the distribution of the residual value of an incorporated enterprise on dissolution, are also classified as debt securities. The term, however, excludes those debt falling under the provisions of
Part Three, Chapter I (Loans/Borrowings and Guarantees) of the FX
Manual. x"
SECTION 2. The following Appendices/Annexes to the
FX Manual have been revised/deleted:
Revised

Appendix 1: Minimum Documentary Requirements for the
Sale of Foreign Exchange (FX) Relating to Resident to Resident FX Transactions and Resident to Non-Resident Non-Trade Current Account Transactions
Appendix 1.1: Minimum Documentary Requirements for
Peso Deposit Accounts of Non-Residents 9 Except those covered by Section 37 for which a BSRD shall no longer be issued

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3. Appendix 1.4: Minimum Documentary Requirements for
the Sale of Foreign Exchange (FX) Relating to Inward and Outward Investments
4. Appendix 1.5: Minimum Documentary Requirements for
the Sale of Foreign Exchange (FX) Relating to Import Transactions
5. Appendix 10.A: Guidelines Covering Inward Investments
under Section 36 of the FX Manual
6. Appendix 10.B: Guidelines Covering Inward Investments
under Section 37 of the FX Manual
7. Appendix 10.C: Supporting Documents for Registration of
Inward Investments
8. Appendix 10.3A: Letter Advice for Single Investor
9. Appendix 10.3B: Letter Advice for Multiple Investors
10. Appendix 10.4: Authority to Disclose Information
11. Appendix 11.1B: Guidelines on Filling Out Report on Foreign
Investments Registered with the Bangko Sentral ng Pilipinas (BSP) through Authorized Agent Banks (AABs) [Annex R]
12. Appendix 18: Guidelines and Minimum Documentary
Requirements for Foreign Exchange (FX) Forward and Swap Transactions
13. Annex N: Computation Sheet for Outward Remittance for
Foreign Investments Registered with the BSP
14. Annex R: Report on Foreign Investments Registered with
the Bangko Sentral ng Pilipinas (BSP) through Authorized Agent Banks (AABs)
15. Annex S: Report on Funding for Foreign Investments
Registered with the Bangko Sentral ng Pilipinas (BSP) through Authorized Agent Banks (AABs)
16. Annex AB: Report on Outstanding Balances of Foreign
Investments Registered with the Bangko Sentral ng Pilipinas (BSP) through Authorized Agent Banks (AABs)
17. Annex AD: Report on Foreign Direct Investments (FDIs)
Registered with the Bangko Sentral ng Pilipinas (BSP) through Authorized Agent Banks (AABs)

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Deleted

Appendix 10.2: BSRD Letter Advice
Annex AC: Report on Interim Peso Deposits (IPDs) of
Registered Foreign Investments
SECTION 3. Transitory Provision. The registering authorized
agent banks (AABs) shall submit to the BSP-International Operations Department (IOD) the list of existing and valid BSRDs issued by registering AABs under the following applicable report forms and submission timeline:
Particulars Report Form
(old report form, as of May 2023 version of the FX Manual) Timeline BSRDs issued by the registering AAB as of 31 January 2024
Annex AB Within 15 banking
days from the date of issuance of this Circular Regular Submission BSRDs issued by the registering AAB from 01 February 2024 until the day prior to the effectivity of this Circular Report on Investments Registered with AABs (under the Initial Registration sheet) Within two (2) banking days from registration date or prior to the effectivity date of the Circular (whichever is earlier) The BSP-IOD shall issue proof of receipt of the aforementioned reports starting from the date of issuance of this Circular to ensure continuous access to FX resources of AABs/AAB forex corps for registered investments covered by BSRDs upon effectivity of the Circular. Upon the effectivity of this Circular until 30 September 2024, registering AABs shall continue to: (a) report the transactions of registered investments under Section 37 of the FX Manual using the old report forms (as of May 2023 version of the FX Manual); and (b) make the necessary preparations and adjustments to their systems and processes to ensure compliance with the new reporting guidelines. The submission of the revised report forms shall commence on 01 October 2024.
SECTION 4. Repealing Clause. This Circular supersedes/
amends/modifies the provisions of existing regulations that are inconsistent herewith.

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SECTION 5. Effectivity. This Circular shall take effect 15 banking
days after its publication either in the Official Gazette or in a newspaper of general circulation in the Philippines. FOR THE MONETARY BOARD:
ELI M. REMOLONA, JR.
Governor

APPENDIX 1
Page xxx of xxx
Minimum Documentary Requirements1 for the Sale of Foreign Exchange (FX) Relating to Resident to Resident FX Transactions and Resident to Non-Resident Non-Trade Current Account Transactions
I. For Resident to Resident FX Transactions under Part One, Chapter II
of the FX Manual, requiring settlement in foreign currency Purpose Documents Required2 xxx xxx
6. Payables of e-commerce market
participants related to resident to resident FX transactions xxx
II. For Resident to Non-Resident Non-Trade Current Account3 Transactions
under Section 2.1 of the FX Manual
Purpose Documents Required4 xxx xxx
26. FX non-trade current account
transactions between residents and non-residents involving e-commerce market participants a. Certified true copy of the contract/agreement or equivalent document/s between the counterparty and e-commerce market participant/s (e.g., service agreement between service provider/merchant and payment platforms, netting agreement/s)5 ; and b. xxx
c. xxx
1 a) xxx b) xxx c) xxx
2 a) xxx b) xxx
3 xxx
4 a) xxx b) xxx c) xxx
5 xxx

APPENDIX 1.1
Page xxx of xxx
Minimum Documentary Requirements for Peso Deposit Accounts of Non-Residents1 Source of Funds Documents

Peso proceeds from conversion of
inward remittance of convertible FX
Certificate of inward remittance (CIR) of FX and conversion to pesos using the prescribed form under Appendix 10.1 or equivalent document/s issued by the FX receiving and/or converting bank xxx xxx
Peso funds of: (i) foreign students
enrolled for at least one (1) school term in the Philippines; and (ii) non-resident Filipinos a. xxx b. (i) If funded by inward remittance of FX: CIR of FX and conversion to pesos using the prescribed form under
Appendix 10.1 or equivalent
document/s issued by the FX receiving and/or converting bank; or (ii) xxx (iii) xxx 1 xxx

APPENDIX 1.4
Page xxx of xxx
Minimum Documentary Requirements1 for the Sale of Foreign Exchange (FX) Relating to Inward and Outward Investments
I. For Inward Investments by Non-Residents
Purpose Documents Required
A. Capital Repatriation for Investments:

In instruments registered with BSP under Section 36
xxx xxx
iv. Equity securities issued onshore by
residents that are not listed at an onshore exchange a. xxx b. xxx
c. xxx
v. Debt securities issued onshore by
private sector residents that are not listed at an onshore exchange and not covered by the provisions of Part Three, Chapter I of the FX Manual a. BSRD2 ; and b. xxx
vi. Investment funds created onshore
by residents a. BSRD2
; and b. xxx
ix. Instruments issued by residents and
non-residents which are not covered by Sections 33, 34 and the provisions of Part Three, Chapter I of the FX Manual (Loans/Borrowings and Guarantees), and not contrary to applicable laws, rules and regulations a. xxx b. xxx
In instruments registered with the BSP through AABs under Section 37
i. Debt securities issued onshore by
the National Government and other public sector entities a. In case the FX selling AAB is also the registering AAB: Proof of receipt of the report submitted by the registering AAB to the BSP3 ; or In case the FX selling AAB is not the registering AAB: Letter Advice from the registering AAB; and b. xxx
ii. Equity securities issued onshore by
residents that are listed at an onshore exchange a. In case the FX selling AAB is also the registering AAB: Proof of receipt of the report submitted by the registering AAB to the BSP3 ; or In case the FX selling AAB is not the registering AAB: Letter Advice from the registering AAB; and b. xxx
iii. Debt securities issued onshore by
private sector residents that are listed at an onshore exchange and not covered by the provisions of Part Three, Chapter I of the FX Manual
iv. Exchange Traded Funds (ETFs)
issued/created onshore by residents
v. PDRs that are listed at an onshore
exchange
vi. Peso time deposits with an AAB
with a maturity of at least 90 days a. In case the FX selling AAB is also the registering AAB: Proof of receipt of the report submitted by the registering AAB to the BSP3 ; or In case the FX selling AAB is not the registering AAB: Letter Advice from the registering AAB; and 1 xxx 2 xxx 3 Issued by the BSP-International Operations Department (IOD) starting from the date of issuance of Circular No. ___

APPENDIX 1.4
Page xxx of xxx
Purpose Documents Required b. xxx
vii. Equity securities issued onshore or
offshore by non-residents that are listed at an onshore exchange a. In case the FX selling AAB is also the registering AAB: Proof of receipt of the report submitted by the registering AAB to the BSP3 ; or In case the FX selling AAB is not the registering AAB: Letter Advice from the registering AAB; and b. xxx
viii. Debt securities issued onshore by
non-residents that are listed at an onshore exchange a. In case the FX selling AAB is also the registering AAB: Proof of receipt of the report submitted by the registering AAB to the BSP3 ; or In case the FX selling AAB is not the registering AAB: Letter Advice from the registering AAB; and b. xxx
ix. Instruments under Section 37.1
(a-h) used as collateral involving transfer of legal/beneficial ownership of the collateral to the non-resident investor a. In case the FX selling AAB is also the registering AAB: Proof of receipt of the report submitted by the registering AAB to the BSP3 ; or In case the FX selling AAB is not the registering AAB: Letter Advice from the registering AAB; and b. xxx
3. xxx a. xxx
b. xxx
c. xxx
B. Remittance of related earnings on BSP-registered investments of non-residents a. For investments registered with BSP under Section 36: BSRD2 ; or For investments registered with the BSP through AABs under Section 37: Proof of receipt of the report submitted by the registering AAB to the BSP3 (in case the FX selling AAB is also the registering AAB) or Letter Advice from the registering AAB (in case the FX selling AAB is not the registering AAB); and b. xxx. For investments registered with BSP under
Section 36 - Computation of the peso
amount to be converted to FX using the prescribed format (Annex N). x
III. For Other Transactions
Purpose Documents Required xxx xxx
C. Settlement of FX obligations/
payables of residents to non-resident investors relative to FX-denominated equity and debt securities issued by residents that are not covered by the provisions of Part Three, Chapter I of the FX Manual (Loans/Borrowings and Guarantees) xxx

APPENDIX 1.5
Page xxx of xxx
Minimum Documentary Requirements1 for the Sale of Foreign Exchange (FX) Relating to Import Transactions Mode of Payment Documents Required2

Letter of Credit (LC), Documents against Payment (DP) or Documents against
Acceptance (DA) xxx xxx b. In case the FX selling AAB/AAB forex corp is not the issuing/ booking/availment reporting AAB a. xxx b. xxx
c. Certification from the issuing/booking/reporting
AAB signed by the AAB’s authorized signatory (addressed to individual FX selling AABs or AAB forex corps) or equivalent document/s indicating the: (i) amount of the outstanding FX trade obligations; (ii) amount of FX intended to be purchased; and (iii) Bank Reference Number (BRN) for DA importation. xxx xxx
Open Account (OA)
xxx xxx b. In case the FX selling/ remitting AAB is not the reporting AAB a. xxx b. xxx
c. Certification from the reporting AAB
signed by the AAB’s authorized signatory (addressed to individual FX selling AABs or AAB forex corps) or equivalent document/s indicating the: (i) amount of the outstanding FX trade obligations; (ii) amount of FX intended to be purchased; and (iii) BRN for OA importation.
Digital payments through
e-commerce market participants a. Certified true copy of the contract/agreement3 or equivalent document/s between the counterparty and e-commerce market participant/s (e.g., service agreement between merchants and payment platforms, netting agreement/s); and b. xxx 1 a) xxx b) xxx 2 a) xxx b) xxx c) xxx d) xxx 3 xxx

APPENDIX 10.A
Page xxx of xxx
Guidelines Covering Inward Investments under Section 36 of the FX Manual x
III. Reporting

xxx
In case the FX selling AAB is different from the remitting AAB, the
FX selling AAB shall submit to BSP-IOD its Report on Foreign Investments Registered with the BSP (Annex X) within five (5) banking days from date of FX sale, with supporting documents listed under Appendix 1.4 of the FX Manual and the original BSRD1 for inward investments that have been fully divested by the non-resident investor. The non-resident investor or his resident agent/authorized representative shall disclose to the remitting bank the intended purpose of the FX remittance and other pertinent information necessary to allow reporting by the remitting bank of the transaction under its Report on Foreign Investments Registered with the BSP (Annex X). The remitting bank shall submit such report within five (5) banking days from date of FX remittance. x 1 xxx

APPENDIX 10.B
Page xxx of xxx
Guidelines Covering Inward Investments under Section 37 of the FX Manual The following guidelines shall apply to registration, repatriation/ remittance, and reporting of inward investments under Section 37 of the FX Manual:
I. Registration with the BSP through registering AABs1

Investments under Section 37 made by the non-resident investor shall
be registered upon: (i) submission by the non-resident investor, or his duly authorized representative to the registering AAB of the applicable supporting documents (i.e., proof of funding and investment made) under
Appendix 10.C of the FX Manual and a duly accomplished “Authority to
Disclose Information” form under Appendix 10.4; and (ii) reporting thereof by the registering AAB to the BSP using the Report on Foreign Investments Registered with the BSP through AABs (Annex R) and confirmation of receipt of the report submitted by the registering AAB to the BSP.
To facilitate the reporting of each investment of the non-resident to
the BSP by the registering AAB, a single BSP Reference Number2 shall be issued by a registering AAB to a non-resident investor for all his investments in instruments under Section 37.1 of the FX Manual, except for item g thereof. A separate BSP Reference Number shall be issued to a non-resident investor exclusively for all investments in the following:
a. Securities issued by non-residents and are listed at an onshore exchange3 (with the suffix “NR” in the BSP Reference Number); and b. Instruments under Section 37 of the FX Manual funded by peso proceeds of non-residents’ securities listed at an onshore exchange3 (with the suffix “P” in the BSP Reference Number).
For initial registration4
, the registering AABs shall submit to BSP-IOD at iod_imag_fi_aab@bsp.gov.ph, the BSP Reference Number issued in the name of the non-resident investor using the Report on Foreign Investments Registered with the BSP through AABs (Annex R), together with the Authority to Disclose Information (Appendix 10.4), within two (2) banking days from actual settlement date or date of compliance with Appendix 10.C. The supporting documents (e.g., those listed under Appendix 10.C of the FX Manual) shall remain in the custody of the registering AABs but shall be made available upon request by the BSP for verification purposes.
All changes in the investments4
(e.g., additional investments, reduction in investments, stock/property dividend distribution, transfers) shall be reflected in the records of the investor maintained by the registering AABs. 1 xxx 2 Formerly the BSRD Number. The BSP Reference Number follows the same field format as the BSRD Number, i.e., AXXXXXX-BBBB where “AXXXXXX” is the pre-assigned alphanumeric BSP Reference Number for the non-resident investor’s account with the registering AAB, and “BBBB” is the numeric code assigned by the BSP to the registering AABs of the account. 3 xxx 4 xxx

APPENDIX 10.B
Page xxx of xxx
Transactions5 pertaining to investments funded by inward remittance of FX and repatriation shall be reported to the BSP-IOD by the registering AAB within two (2) banking days from actual settlement date or date of compliance with Appendix 10.C or actual remittance date (as applicable) under the Report on Foreign Investments Registered with the BSP through AABs (Annex R).
5. xxx
6. For instruments used as collateral acquired from non-residents and
residents involving transfer of legal/beneficial ownership of the collateral to the non-resident investor/transferee/lender, the registering AAB shall:
(a) annotate the ledger of the original non-resident investor/transferor/ borrower to reflect such transfer; and/or (b) issue a new BSP Reference Number (in case the new non-resident investor/transferee/lender has no existing BSP Reference Number) or annotate the ledger (in case new non-resident investor/transferee/ lender has an existing BSP Reference Number), to allow servicing using FX resources of AABs/AAB forex corps by the new non-resident investor/transferee of earnings accruing on the transaction/arrangement involved. x Upon the termination of the contract (as applicable) where the new non-resident investor/transferee/lender shall return the same or equivalent securities to the original investor/transferor/borrower, the registering AAB shall annotate the ledger of the new non-resident investor/transferee/lender to cancel the registration of the same or equivalent securities to be returned to the original investor/transferor/borrower. The registering AAB shall annotate the ledger of the original non-resident investor/borrower for the securities returned.
II. Repatriation of capital/remittance of related earnings

AABs/AAB forex corps may sell FX to the non-resident investor or his
authorized representative (whether resident or non-resident) without prior BSP approval the equivalent of peso sales/divestment proceeds and related earnings from BSP-registered inward investments for remittance to the non-resident investor/intended beneficiary (whether onshore or offshore) evidenced by the supporting documents listed under Appendix 1.4 of the FX Manual.
In cases when the FX sale/repatriation/remittance will be done by an
AAB that is not the registering AAB, the latter shall issue6 a Letter Advice7 (LA) [using the prescribed form under Appendices 10.3A or 10.3B, as applicable] authorizing the FX selling/remitting AAB to use (in full or partially) the outstanding investments covered by the BSP Reference Number/s. The remitting AAB shall only effect the remittance evidenced by the supporting documents listed under Appendix 1.4 of the FX Manual. 5 Refer to items 11.A and 11.B of Appendix 11.1B for the list of transactions to be reported 6 xxx 7 Registering AABs may issue the LA in electronic form

APPENDIX 10.B
Page xxx of xxx
3. An LA may also be issued by a registering AAB in favor of another
registering AAB for: (a) transactions involving peso sales proceeds of a registered investment which will: (i) fund a new investment to be registered by the latter; and (ii) be deposited in the non-resident investor’s account with the latter bank; (b) transfer of registered foreign investments; and (c) transfer of funds in interim peso deposit accounts (IPDs).
4. Each LA shall have a validity of one (1) month from its
issuance/reissuance date. An unutilized and expired LA shall be applied for reissuance with the originating registering AAB until fully utilized/cancelled. An expired LA can no longer be used for: (a) FX sale by AABs/AAB forex corps to service capital repatriation/remittance of earnings; or (b) transfer of peso sales proceeds of a registered investment to an AAB other than the originating registering AAB for: (i) registration of a new investment; or (ii) deposit to the IPD account of a non-resident; or (c) transfer of registered foreign investments; or (d) transfer of funds between IPDs of a non-resident investor in different registering AABs. Lost and unutilized LA shall be applied for replacement with the originating registering AAB supported by an Affidavit of Loss. The affidavit of loss should attest to the following: (i) loss of the LA; (ii) the reason/circumstances surrounding the loss; (iii) affirmation that diligent search for the document/s declared lost has been done; (iv) the investment remains intact and exists to date; and (v) the BSP Reference Number/s and date/s, as applicable.
III. Reporting

All transactions on registered investments shall be reported by the
registering/remitting AABs to BSP-IOD at iod_imag_fi_aab@bsp.gov.ph8 within two (2) banking days from: (i) actual settlement date or date of compliance with Appendix 10.C (for the Newly-issued BSP Reference Number and Inward Investment sheets); or (ii) actual remittance date (for the Repatriation sheet) under the Report on Foreign Investments Registered with the BSP through AABs9 (Annex R), together with the Report on Funding for Foreign Investments Registered with the BSP through AABs [Annex S] (as applicable). The AABs shall make available the documents (e.g., those listed in
Appendix 1.4) upon request by the BSP for verification purposes.
Registering AABs shall likewise submit to the BSP-IOD at
iod-pid@bsp.gov.ph the following, using the prescribed forms:
a. Report on Foreign Direct Investments Registered with the BSP through AABs (Annex AD) on a monthly basis within five (5) banking days from end of reference month; and 8 The subject line of the email shall indicate the following: Report on Foreign Investments Registered with the BSP through AABs <bank name> <report date>. This format shall likewise be the filename convention for the attached report 9 In accomplishing the report, AABs shall be guided by Appendix 11.1B.

APPENDIX 10.B
Page xxx of xxx
b. Report on Outstanding Balances of Foreign Investments Registered with the BSP through AABs (Annex AB) on a quarterly basis within 15 banking days from end of reference quarter.

APPENDIX 10.C
Page xxx of xxx
Supporting Documents1 for Registration of Inward Investments Registration of inward investments (either with the BSP or registering AABs) shall be supported by proof of funding and the actual investment made by the non-resident investor as indicated below:
I. Proof of funding
Form of Funding Proof of Funding
A. In cash xxx xxx
3. FX payments made offshore
between non-residents for transfer of onshore investments Proof of funding of initial onshore investment and subsequent FX payment made offshore for transfer of said investment to another non-resident – a. If transferred investment was registered:
i. For inward investments covered by
Section 36 of the FX Manual: BSRD2
; or
ii. For inward investments covered by
Section 37 of the FX Manual: Proof of
receipt of the report submitted by the registering AAB to the BSP3 (in case the FX selling AAB is also the registering AAB) or Letter Advice from the registering AAB (in case the FX selling AAB is not the registering AAB); or If transferred investment was not registered: Document showing funding for transferred investment; and b. Deed of Transfer/Deed of Assignment/ Sale/covering agreement, or equivalent document; xxx; and
c. Certificate Authorizing Registration issued
by the Bureau of Internal Revenue evidencing the transfer of the investment between non-residents relative to investments in instruments under
Section 36 of the FX Manual (as applicable).
xxx xxx
5. Reinvestment of peso divestment/
sales proceeds or related earnings of investment Proof of funding for the previous investment and proof of divestment/sale or earnings (as applicable) – a. For divestment/sales proceeds a. If previous investment was registered:
i. For inward investments covered by
Section 36 of the FX Manual: BSRD2
; or
ii. For inward investments covered by
Section 37 of the FX Manual: Proof of
receipt of the report submitted by the registering AAB to the BSP3 (in case the FX selling AAB is also the registering AAB) or Letter Advice from the registering AAB (in case the FX selling AAB is not the registering AAB); or 1 xxx 2 xxx 3 Issued by the BSP-International Operations Department (IOD) starting from the date of issuance of Circular No. ___

APPENDIX 10.C
Page xxx of xxx
Form of Funding Proof of Funding
If previous investment was not registered:
Document showing funding of previous investment; and b. xxx b. For earnings a. If previous investment was registered:
i. For inward investments covered by
Section 36 of the FX Manual: BSRD4
; or
ii. For inward investments covered by
Section 37 of the FX Manual: Proof of
receipt of the report submitted by the registering AAB to the BSP3 (in case the FX selling AAB is also the registering AAB) or Letter Advice from the registering AAB (in case the FX selling AAB is not the registering AAB); or If previous investment was not registered:
Document showing funding of previous investment; and b. xxx
7. Exercise of conversion rights to
underlying shares [e.g., under
Philippine Depository Receipts
(PDRs)] a. If initial investment (e.g., PDR) was registered:
i. For inward investments covered by
Section 36 of the FX Manual: BSRD2
; or
ii. For inward investments covered by
Section 37 of the FX Manual: Proof of
receipt of the report submitted by the registering AAB to the BSP3 ; or If initial investment was not registered:
Document showing funding of the initial investment; and b. xxx B. In kind xxx xxx
3. Stock and/or property dividends
accruing from onshore investments
Proof of funding for existing investment and proof of declaration – a. If base/mother shares were registered:
i. For inward investments covered by
Section 36 of the FX Manual: BSRD4
; or
ii. For inward investments covered by
Section 37 of the FX Manual: Proof of
receipt of the report submitted by the registering AAB to the BSP3 (in case the FX selling AAB is also the registering AAB) or Letter Advice from the registering AAB (in case the FX selling AAB is not the registering AAB); or If base/mother/original shares was not registered: Document showing funding of existing investment; and b. xxx
4. Shares (e.g., share swap) Onshore shares:
a. If investment was previously registered:
i. For inward investments covered by
Section 36 of the FX Manual: BSRD2
; or
4 xxx

APPENDIX 10.C
Page xxx of xxx
Form of Funding Proof of Funding
ii. For inward investments covered by
Section 37 of the FX Manual: Proof of
receipt of the report submitted by the registering AAB to the BSP3 (in case the FX selling AAB is also the registering AAB) or Letter Advice from the registering AAB (in case the FX selling AAB is not the registering AAB); or If investment was not previously registered:
Document showing proof of investment in shares to be invested; and b. xxx Offshore shares:
xxx
C. Others not falling under Items A and B
(e.g., stock splits/reverse stocksplits, uplifted shares, investments made prior to 15 March 1973) a. For inward investments covered by
Section 36 of the FX Manual: BSRD2
(if applicable); or
For inward investments covered by
Section 37 of the FX Manual: Proof of
receipt of the report submitted by the registering AAB to the BSP3 (as applicable); and b. xxx
c. xxx
d. xxx e. Document effecting the change in registered investment; or f. xxx g. xxx
II. Proof of investment
Type of Investment Proof of Investment by Non-resident Investor A. Instruments for registration with the BSP under Section 36

Assigned capital/operational
working fund/contributed capital
(Section 33.1.a) a. For Philippine branches/representative office/regional operating headquarters (HQ) or regional area HQ: (i) Philippine Securities and Exchange Commission (SEC) License To Do Business (as applicable); (ii) latest General Information Sheet (GIS) duly received by SEC (as applicable); (iii) applicable SEC form/s required under Republic Act No. 7042 [Foreign Investments Act of 1991 (FIA)], as amended, duly received by the SEC; and (iv) other regulatory/board clearances/approvals (as applicable); For investee firms that are partnerships:
(i) Certificate of Registration with the Philippine SEC – Articles of Partnership and amendments thereto (as applicable); (ii) latest General Information Sheet (GIS) duly received by SEC (as applicable); (iii) applicable SEC form/s required under the FIA duly received by the SEC; and (iv) other regulatory/board clearances/ approvals (as applicable); xxx

APPENDIX 10.C
Page xxx of xxx
Type of Investment Proof of Investment by Non-resident Investor b. xxx
c. xxx
4. Equity securities issued onshore
by residents that are not listed at an onshore exchange [Section 33.3.a.(i)] a. For investee firms that are corporations:
(i) Certificate of Registration with the Philippine Securities and Exchange Commission (SEC) - Articles of Incorporation and amendments thereto (as applicable); (ii) latest General Information Sheet (GIS) duly received by SEC (as applicable); (iii) applicable SEC form/s required under the FIA duly received by the SEC; and (iv) other regulatory/board clearances/approvals (as applicable); For investments prior to 15 March 1973 without Stock Transfer Agent’s Certificate:
Document evidencing existence and purchase/acquisition of onshore legitimate investments by non-residents, or equivalent document b. xxx
c. xxx
9. Instruments issued by residents
and non-residents which are not covered by Sections 33, 34 and the provisions of Part Three, Chapter I of the FX Manual (Loans/Borrowings and Guarantees), and not contrary to applicable laws, rules and regulations (Section 35) xxx B. Instruments for registration with the BSP through AABs under Section 37 xxx xxx
9. Instruments under Section 37.1 (a-h)
used as collateral involving transfer of legal/beneficial ownership of the collateral to the non-resident investor xxx

APPENDIX 10.2
Reserved

APPENDIX 10.3A
Page xxx of xxx
[Template for single investor]
<Issuing Bank’s Letterhead>
Letter Advice (LA)
Date: <date of issuance (DD-MMM-YYYY)> Issuing Bank’s Ref. No.: ________________ <Name of the receiver of the LA> <Address> Purpose: (please check appropriate box/es) ❑ Repatriation of capital/divestment proceeds ❑ Remittance of dividends/earnings ❑ Reinvestment of capital/divestment proceeds or earnings ❑ Transfer of registered foreign investments ❑ Others: (please specify) __________________________________ Gentlemen:
Please be advised that as instructed by our non-resident client, <Name of client>, on ___________ and to support the purpose/s stated above, your bank is hereby authorized to utilize the indicated number of shares/PHP amount under the following BSP Reference No/s.:
❑ Capital:
BSP Reference No. Investment ID
No. of Base/
Mother Shares/Face
Amount/Amount
❑ Dividends/Earnings:
BSP Reference No. Investment ID
No. of Base/
Mother
Shares/Face
Amount/Amount
Dividend
Rate
Net Amount in PHP
This LA is valid for one (1) month from date of issuance and may be renewed with the originating registering AAB. _____________________________________ Signature of Authorized Bank Officer over Printed Name _____________________________________ Position Company Tel. No.: ___________________________ Company Email Address: _____________________

APPENDIX 10.3A
Page xxx of xxx
Guidelines/Instructions for Filling Out the Letter Advice (LA)
I. GENERAL INSTRUCTIONS

An LA1
shall be issued by a registering authorized agent bank (AAB) if there is an intended outward remittance/repatriation that shall be effected through an AAB other than the registering AAB. This LA authorizes the FX selling/remitting bank to use (in full or partially) the shares/amount indicated therein.
An LA may also be issued by a registering AAB in favor of another
registering AAB for: (a) transactions involving peso sales proceeds of a registered investment which will: (i) fund a new investment to be registered by the latter; and (ii) be deposited in the non-resident investor’s account with the latter bank; (b) transfer of registered foreign investments; and (c) transfer of funds in interim peso deposit accounts (IPDs).
Each LA shall have a validity of one (1) month from its issuance/reissuance
date. An unutilized and expired LA shall be applied for reissuance with the originating registering AAB until fully utilized/cancelled. An expired LA can no longer be used for: (a) FX sale by AABs/AAB forex corps to service capital repatriation/remittance of earnings; or (b) transfer of peso sales proceeds of a registered investment to an AAB other than the originating registering AAB for: (i) registration of a new investment; or (ii) deposit to the IPD account of a non-resident; or (c) transfer of registered foreign investments; or (d) transfer of funds between IPDs of a non-resident investor in different registering AABs. Lost and unutilized LA shall be applied for replacement with the originating registering AAB supported by an Affidavit of Loss. The affidavit of loss should attest to the following: (i) loss of the LA; (ii) the reason/circumstances surrounding the loss; (iii) affirmation that diligent search for the document/s declared lost has been done; (iv) the investment remains intact and exists to date; and (v) the BSP Reference Number/s and date/s, as applicable.
II. SPECIFIC INSTRUCTIONS
BSP REFERENCE NO. – refers to the pre-assigned number of the
registered foreign investments and under which all subsequent transactions shall be recorded. Field format shall be as follows:
Investments Field format
Foreign investments under Section 37.1.a-i,
except for item g, of the Manual of Regulations on Foreign Exchange Transactions (FX Manual) AXXXXXX-BBBB
Non-resident investments in PSE-listed equity
securities issued by non-residents
AXXXXXX-BBBBNR
1 Registering AABs may issue the LA in electronic form

APPENDIX 10.3A
Page xxx of xxx
Investments Field format
3. Investment by non-resident issuer of Peso
proceeds from PSE-listed equity securities AXXXXXX-BBBBP Where, “AXXXXXX” is the pre-assigned alphanumeric BSP Reference Number for the foreign investor’s account with the registering AABs, and “BBBB” is the numeric code assigned by the BSP to the registering AABs of the account (e.g., Citibank’s BSP Reference Number A007001 will be displayed as A007001-0080).
2. INVESTMENT ID – refers to the alpha code/stock symbol of the security
assigned by the Philippine Stock Exchange (PSE) which will be the only acceptable standard. For government securities (GS), indicate the applicable codes like TBIL, FXTN, RTB. For 90-day peso time deposits, indicate TD. For IPDs, indicate IPD and the following applicable fund source codes (e.g., IPD-PSE, IPD-Peso GS):
Code Particulars
PSE PSE-listed equity securities issued by residents excluding ETFs and PDRs [Section 33.3.a.(ii) of the FX Manual] Peso GS Peso-denominated debt securities issued onshore by the National Government and other public sector entities (Section 33.2 of the FX Manual) Peso TD Peso time deposits with an AAB with a maturity of at least 90 days (Section 33.4 of the FX Manual) ETF Exchange Traded Funds issued/created onshore by residents (Section 33.3.c of the FX Manual) PDRs Philippine Depositary Receipts whether not listed or listed at an onshore exchange [Section 33.3.e.(i) and (ii) of the FX Manual] PSE-NR Equity securities issued onshore or offshore by non-residents that are listed at an onshore exchange (Section 34.1 of the FX Manual) PDI Peso-denominated debt instruments issued onshore by private sector residents listed at an onshore exchange that are not covered by the provisions of Part Three, Chapter I of the FX Manual [Section 33.3.b.(ii) of the FX Manual] PDI not listed Peso-denominated debt instruments issued onshore by private sector residents not listed at an onshore exchange that are not covered by the provisions of Part Three, Chapter I of the FX Manual [Section 33.3.b.(i) of the FX Manual] PDI-NR Peso-denominated debt instruments issued onshore by non-residents that are listed at an onshore exchange (Section 34.2.b of the FX Manual) UITF Peso-denominated Unit Investment Trust Fund issued onshore by residents (Section 33.3.d of the FX Manual) MF Peso-denominated Mutual Fund issued onshore by residents (Section 33.3.d of the FX Manual)
3. NO. OF BASE/MOTHER SHARE/FACE AMOUNT/AMOUNT – refers to the
following:
• For PSE-listed securities – number of shares that have been sold by the
investor/s or transferred;
• For GS – face value of the securities that have been sold/matured;
• For TD – maturity value of the time deposit; and
• For IPD – amount utilized to purchase additional investment/s,
transferred to another registering AAB or to fund an intended outward remittance/repatriation.
4. DIVIDEND RATE – refers to the rate announced by the investee firm
which declared the dividends.

APPENDIX 10.3A
Page xxx of xxx
5. NET AMOUNT IN PHP – refers to dividend/earnings (net of tax) accruing
to registered investments to fund additional investments or lodge to an IPD account of the investor with another registering AAB or for repatriation by a remitting AAB other than the registering AAB.

APPENDIX 10.3B
Page xxx of xxx
[Template for multiple investors]
<Issuing Bank’s Letterhead>
Letter Advice (LA)
Date: <date of issuance (DD-MMM-YYYY)> Issuing Bank’s Ref. No.: ________________ <Name of the receiver of the LA> <Address> Gentlemen:
Please be advised that as instructed by our non-resident clients and to support the purpose/s stated below, your bank is hereby authorized to utilize the indicated number of shares/PHP amount under the following BSP Reference No/s:
Client information:
Name of Client BSP Reference No.
Transaction details:
BSP Ref. No. Purpose Source Investment ID No. of Base/Mother Shares/Face Amount/Amount Dividend Rate1 Net Amount in PHP (May use additional sheet/page, as necessary) This LA is valid for one (1) month from date of issuance and may be renewed with the originating registering AAB. _____________________________________ Signature of Authorized Bank Officer over Printed Name _____________________________________ Position Company Tel. No.: ___________________________ Company Email Address: ____________________ 1 Applicable only to transactions with “Dividend/Earnings” as source

APPENDIX 10.3B
Page xxx of xxx
Guidelines/Instructions for Filling Out the Letter Advice (LA)
I. GENERAL INSTRUCTIONS

An LA2
shall be issued by a registering authorized agent bank (AAB) if there is an intended outward remittance/repatriation that shall be effected through an AAB other than the registering AAB. This LA authorizes the FX selling/remitting bank to use (in full or partially) the shares/amount indicated therein.
An LA may also be issued by a registering AAB in favor of another
registering AAB for: (a) transactions involving peso sales proceeds of a registered investment which will: (i) fund a new investment to be registered by the latter; and (ii) be deposited in the non-resident investor’s account with the latter bank; (b) transfer of registered foreign investments; and (c) transfer of funds in interim peso deposit accounts (IPDs).
Each LA shall have a validity of one (1) month from its issuance/reissuance
date. An unutilized and expired LA shall be applied for reissuance with the originating registering AAB until fully utilized/cancelled. An expired LA can no longer be used for: (a) FX sale by AABs/AAB forex corps to service capital repatriation/remittance of earnings; or (b) transfer of peso sales proceeds of a registered investment to an AAB other than the originating registering AAB for: (i) registration of a new investment; or (ii) deposit to the IPD account of a non-resident; or (c) transfer of registered foreign investments; or (d) transfer of funds between IPDs of a non-resident investor in different registering AABs. Lost and unutilized LA shall be applied for replacement with the originating registering AAB supported by an Affidavit of Loss. The affidavit of loss should attest to the following: (i) loss of the LA; (ii) the reason/circumstances surrounding the loss; (iii) affirmation that diligent search for the document/s declared lost has been done; (iv) the investment remains intact and exists to date; and (v) the BSP Reference Number/s and date/s, as applicable.
II. SPECIFIC INSTRUCTIONS
BSP REFERENCE NO. – refers to the pre-assigned number of the
registered foreign investments and under which all subsequent transactions shall be recorded. Field format shall be as follows:
Investments Field format
Foreign investments under Section 37.1.a-i,
except for item g, of the Manual of Regulations on Foreign Exchange Transactions (FX Manual) AXXXXXX-BBBB
Non-resident investments in PSE-listed equity
securities issued by non-residents
AXXXXXX-BBBBNR
Investment by non-resident issuer of Peso
proceeds from PSE-listed equity securities AXXXXXX-BBBBP 2 Registering AABs may issue the LA in electronic form

APPENDIX 10.3B
Page xxx of xxx
Where, “AXXXXXX” is the pre-assigned alphanumeric BSP Reference Number for the foreign investor’s account with the registering AABs, and “BBBB” is the numeric code assigned by the BSP to the registering AABs of the account (e.g., Citibank’s BSP Reference Number A007001 will be displayed as A007001-0080).
2. PURPOSE – refers to the following applicable purposes of the LA:
• Repatriation of capital/divestment proceeds;
• Remittance of dividends/earnings;
• Reinvestment of capital/divestment proceeds or earnings;
• Transfer of registered foreign investments; and
• Others (specify the purpose).
3. SOURCE – refers to the following applicable source of repatriation:
• Capital; and
• Dividends/earnings.
4. INVESTMENT ID – refers to the alpha code/stock symbol of the security
assigned by the Philippine Stock Exchange (PSE) which will be the only acceptable standard. For government securities (GS), indicate the applicable codes like TBIL, FXTN, RTB. For 90-day peso time deposits, indicate TD. For IPDs, indicate IPD and the following applicable fund source codes (e.g., IPD-PSE, IPD-Peso GS):
Code Particulars
PSE PSE-listed equity securities issued by residents excluding ETFs and PDRs [Section 33.3.a.(ii) of the FX Manual] Peso GS Peso-denominated debt securities issued onshore by the National Government and other public sector entities (Section 33.2 of the FX Manual) Peso TD Peso time deposits with an AAB with a maturity of at least 90 days (Section 33.4 of the FX Manual) ETF Exchange Traded Funds issued/created onshore by residents (Section 33.3.c of the FX Manual) PDRs Philippine Depositary Receipts whether not listed or listed at an onshore exchange [Section 33.3.e.(i) and (ii) of the FX Manual] PSE-NR Equity securities issued onshore or offshore by non-residents that are listed at an onshore exchange (Section 34.1 of the FX Manual) PDI Peso-denominated debt instruments issued onshore by private sector residents listed at an onshore exchange that are not covered by the provisions of Part Three, Chapter I of the FX Manual [Section 33.3.b.(ii) of the FX Manual] PDI not listed Peso-denominated debt instruments issued onshore by private sector residents not listed at an onshore exchange that are not covered by the provisions of Part Three, Chapter I of the FX Manual [Section 33.3.b.(i) of the FX Manual] PDI-NR Peso-denominated debt instruments issued onshore by non-residents that are listed at an onshore exchange (Section 34.2.b of the FX Manual) UITF Peso-denominated Unit Investment Trust Fund issued onshore by residents (Section 33.3.d of the FX Manual) MF Peso-denominated Mutual Fund issued onshore by residents (Section 33.3.d of the FX Manual)
5. NO. OF BASE/MOTHER SHARES/FACE AMOUNT/AMOUNT – refers to the
following:
• For PSE-listed securities – number of shares that have been sold by the
investor/s or transferred;
• For GS – face value of the securities that have been sold/matured;
• For TD – maturity value of the time deposit; and

APPENDIX 10.3B
Page xxx of xxx
• For IPD – amount utilized to purchase additional investment/s,
transferred to another registering AAB or to fund an intended outward remittance/repatriation.
6. DIVIDEND RATE – refers to the rate announced by the investee firm
which declared the dividends.
7. NET AMOUNT IN PHP – refers to dividend/earnings (net of tax) accruing
to registered investments to fund additional investments or lodge to an IPD account of the investor with another registering AAB or for repatriation by a remitting AAB other than the registering AAB.

APPENDIX 10.4
AUTHORITY TO DISCLOSE INFORMATION
The undersigned [name of non-resident investor or his duly authorized representative, pursuant to the sworn special authority issued by the nonresident (copy attached1 )] hereby authorizes:

[name of custodian bank] to disclose to [name of designated
registering/FX selling authorized agent bank (AAB)] 2 ; and
[name of designated registering/FX selling/remitting AAB] to
disclose to the Bangko Sentral ng Pilipinas (BSP):
any information that may be required by the BSP relative to any and all investments of [name of non-resident investor] that are held in custody/ registered by the AAB. In this regard, these investments shall cover those existing as of date of the authority, as well as any subsequent investments of said non-resident investor. It is understood that data compiled by the BSP from such disclosure/ reports/documents may be used in aggregated form only, for statistical and/or policy purposes and shall not be released in disaggregated form. I declare that: (i) I have read and fully understood the contents of this document; and (ii) this authority is given knowingly, willingly and voluntarily. __________________ ____________________________ Date Signature over Printed Name 1 xxx 2 Note: This applies only if the custodian bank is different from the registering/FX selling AAB.

APPENDIX 11.1B
Page xxx of xxx
Guidelines on Filling Out the Report on Foreign Investments Registered with the Bangko Sentral ng Pilipinas (BSP) through Authorized Agent Banks (AABs) [Annex R] Deadline for Submission to BSP-IOD:
IOD FORM - Newly-issued BSP Reference Number:
Within two (2) banking days from actual settlement date or date of compliance with Appendix 10.C of the FX Manual IOD FORM - Inward Investments:
Within two (2) banking days from actual settlement date or date of compliance with Appendix 10.C of the FX Manual IOD FORM - Repatriation:
Within two (2) banking days from actual remittance date Acronyms:
BSRD - Bangko Sentral Registration Document BSP Ref. No. - Bangko Sentral ng Pilipinas Reference Number CIR - Certificate of Inward Remittance FCY - Foreign Currency FX - Foreign Exchange FXTN - FX Treasury Notes GS - Peso Government Securities IPD - Interim Peso Deposit IR - Inward Remittance LA - Letter Advice PSE - Philippine Stock Exchange TBIL - Treasury Bill TBOND - Treasury Bond TD - Peso Time Deposit Inquiries about the report may be addressed to:
Investment Management and Analytics Group International Operations Department Bangko Sentral ng Pilipinas Room 301, 5-Storey Bldg. A. Mabini St. corner P. Ocampo St., Manila Tel. Nos.: 708-7106; 708-7110 E-mail Address: iod-pid@bsp.gov.ph

APPENDIX 11.1B
Page xxx of xxx
INSTRUCTIONS FOR INDIVIDUAL DATA FIELDS The report shall follow the file structure attached hereto. Individual fields shall be filled out as follows:

BSP Reference No.
The pre-assigned number covering registered foreign investments and under which all subsequent transactions shall be recorded. Field format shall be as follows:
Investments Field format
Foreign investments under Section 37.1.a-i,
except for item g, of the Manual of Regulations on Foreign Exchange Transactions (FX Manual) AXXXXXX-BBBB
Non-resident investments in PSE-listed equity
securities issued by non-residents
AXXXXXX-BBBBNR
Investment by non-resident issuer of Peso
proceeds from PSE-listed equity securities AXXXXXX-BBBBP Where, “AXXXXXX” is the pre-assigned alphanumeric BSP Reference Number for the foreign investor’s account with the registering AABs, and “BBBB” is the numeric code assigned by the BSP to the registering AAB (e.g., Citibank’s BSP Reference Number A007001 will be displayed as A007001-0080).
BSP Reference Number Issuance Date
Date when the BSP Reference Number was assigned.
Name of Foreign Investor
Non-resident entity to which BSP Reference Number was assigned to.
Country Code
For registrations: The country code where the investor is operating. Please refer to reference libraries incorporated in the template.
Securities Account Number
Corresponding account in custody of the registering AAB.
Common/Trade Name of the Foreign Investor
Refers to an abbreviated title that is written out in full or widely known name used by the foreign investor in its day-to-day business.
Name of Ultimate Beneficiary of the Foreign Investor
Name of underlying client of the foreign investor on record.
Transaction No.
The numeric sequential order of a transaction.
Reckoning Date
Date when transaction is ready for reporting to BSP-IOD.
Basis of Reckoning Date
Either actual settlement date or date of compliance with Appendix 10.C of the FX Manual

APPENDIX 11.1B
Page xxx of xxx
11. Transaction Code
Classify according to the following transaction codes:
A. Inward Investments Funded by IR of FX
101.0 - Pertains to accounts covered by a new BSP Reference
Number issued by a registering AAB.
101.1 - Pertains to investments, covered by a new BSP
Reference Number, arising from conversion of convertible securities to shares listed at an onshore exchange.
201.0 - Additional investments covered by an existing BSP
Reference Number issued by a registering AAB.
208.0 - Additional investments covered by an existing BSP
Reference Number arising from corporate action/s.
213.0 - Additional investments resulting from conversion of
convertible securities.
For each of the abovementioned transaction codes, use a single line-item entry and fill out all the fields under the corresponding columns of the report template. B. Repatriation1
301.0 - Outward remittance of divestment proceeds from
BSP-registered investments in Peso government securities.
302.0 - Outward remittance of divestment proceeds from
BSP-registered investments in PSE-listed securities.
303.0 - Outward remittance of divestment proceeds from
BSP-registered investments in Peso time deposits.
304.0 - Outward remittance of divestment proceeds from
BSP-registered investments in Exchange Traded Funds.
305.0 - Outward remittance of divestment proceeds from
BSP-registered investments in Philippine Depositary Receipts.
306.0 - Outward remittance of divestment proceeds from
BSP-registered investments in other instruments.
307.0 - Outward remittance of excess FX funding for
instruments under Section 37.1 of the FX Manual.
1
Including IPDs

APPENDIX 11.1B
Page xxx of xxx
For each of the abovementioned transaction codes, use a single line-item entry and fill out all the fields under the corresponding columns of the report template.
C. Other Transaction Codes2
102.0 - Pertains to reinvestments covered by a new BSP
Reference Number, funded by sales proceeds of investments, issued by another registering AAB.
103.0 - Pertains to reinvestments covered by a new BSP
Reference Number, funded by cash dividends/coupon payments, accruing to investment issued by another registering AAB.
104.0 -
104.1 -
Pertains to investments covered by a new BSP Reference Number, arising from transfers of investments, and issued by the same or another registering AAB, including IPD funds. Pertains to investments covered by a new BSP Reference Number transferred from a BSRD issued directly by the BSP.
105.0 - Pertains to new BSP Reference Number issued by a
registering AAB covering the consolidation or replacements of old BSRD/s.
106.0 - Pertains to investments under a new BSP Reference
Number issued by a registering AAB covering other modes of funding under the FX Manual.
202.0 - Additional investments funded by sales proceeds
from registered investments (reinvestment).
203.0 - Additional investments funded by cash dividends
accruing to registered investments.
204.0 - Additional investments funded by IPDs.
205.0 - Stock dividends accruing to registered investments.
206.0 - Transfer of investments from one BSP Reference
Number to another BSP Reference Number within the same registering AAB.
207.0 - Transfer of investments from BSP Reference Number
by another registering AAB to the existing BSP Reference Number issued by the current registering AAB. 2 These transaction codes are not required to be reported under Annex R but shall only be used for ledger recording purposes.

APPENDIX 11.1B
Page xxx of xxx
209.0 – Changes to registered investments due to stock
splits.
210.0 - Changes to registered investments due to reverse
stock splits.
211.0 - Peso sales proceeds of registered investments
deposited to IPDs.
212.0 - Cash dividends and coupon payments accruing to
registered investments deposited in IPDs.
214.0 - Property dividends accruing on registered
investments.
215.0 -
216.0 -
217.0 -
Additional investments transferred from a BSRD issued directly by the BSP to a BSP Reference Number issued by a registering AAB. Roll-over of registered peso time deposits (TD). Additional investment arising from entitlement to bonus warrant.
218.0 - Additional investments under an existing BSP
Reference Number issued by a registering AAB covering other modes of funding under the FX Manual.
401.0 - Reduction in registered investments wherein sales
proceeds thereon were reinvested under a BSP Reference Number issued by another registering AAB.
402.0 - Contra account for reinvestments funded by cash
dividends/coupon payments under a BSP Reference Number issued by a registering bank accruing on registered investments under a BSP Reference Number issued by another registering AAB.
402.1 - Consolidation into or replacement of old BSRD/s with
new BSP Reference Number.
403.0 - Reduction in registered investments resulting from
transfers of the same, covered by a BSP Reference Number issued by another registering AAB, including IPDs.
404.0 - Reduction in the number of shares as a result of a
corporate action/event.
405.0 - Outstanding shares entitled to a bonus warrant.
406.0 - Contra account arising from property dividend
accruing to registered investments.

APPENDIX 11.1B
Page xxx of xxx
407.0 -
408.0 -
Reduction in investment under BSRD issued directly by the BSP as a result of transfer to a BSP Reference Number issued by registering AAB. Reduction in registered investment arising from conversion of convertible securities to shares listed at an onshore exchange.
12. Investment ID
The alpha code/stock symbol of the security assigned by the Philippine Stock Exchange (PSE) which will be the only acceptable standard. For government securities, use applicable codes like TBIL, FXTN, TBOND. For 90-day Peso bank time deposits, use TD, and for interim peso deposits, use IPD.
13. Actual Settlement Date
The settlement date of the securities transaction, whether purchase or sale.
14. CIR No.
(Note: Please assign one unique CIR number for every conversion to PHP of inward FX remittance received) The bank-assigned number for the CIR covering the FX inward remittance. Field format is YYYY-NNNNN-BBBBBBBBBBB where:
YYYY – is the year the CIR is issued.
NNNNN – is the series number of the CIR BBBBBBBBBBB – is the BSP assigned numeric bank code
15. Foreign Currency Symbol (FCY Symbol)
• For registrations: The standard currency code of the original
foreign currency that funded the investment.
• For remittances: The standard currency code of the foreign
currency that was sold to the investor/s for repatriation of capital/remittance of earnings. Please refer to reference libraries incorporated in the template.
16. Amount - Foreign Currency (FCY)
• For registrations: The actual foreign currency amount in original
currency that funded the investment.
• For remittances: The amount of FCY sold to the investor/s for
capital repatriation/remittance of earnings.
17. Amount - US$ Equivalent
Refers to the US$ equivalent of the FX remitted (net of receiving bank’s charges)
18. New/Additional Shares/Units/Face Amount/Amount
• For equity instruments - new/additional shares
• For fixed-income/debt securities - face amount
• For UITF/MF – number of units
• For other instruments (e.g., Peso time deposit) – PHP amount
19. Utilized
The settlement amount in terms of Philippine Pesos.

APPENDIX 11.1B
Page xxx of xxx
20.International Securities Identification Number (ISIN)/Certificate of Time Deposit (CTD) The internationally assigned identification number for the securities. ISIN must be provided for investment ID codes (e.g., TBIL, FXTN, TBOND or RTB). Leave the field blank for PSE-listed shares. For CTD - Number assigned by the bank for placement in Peso time deposits.
21. Issue Date
The date when GS/TD/other Peso-denominated debt instruments was issued.
22. Maturity Date
The date when GS/TD/other Peso-denominated debt instruments will mature.
23. Source of Repatriation
Originate either from capital or earnings.
24. Country Where Remitted
For outward remittances: The code of the country where the funds were actually remitted.
25. Actual Remittance Date
The date when FX was remitted to the account of the non-resident investor/intended beneficiary.
26. Divested Shares/Units/Face Amount/Amount
The corresponding number of shares/units/face amount/amount of a particular security the investor sold.
27. Peso Proceeds
The Peso proceeds from sale of investment/s or dividend income (net of applicable taxes), converted to foreign currency, for repatriation/remittance.
28. PHP to US$ Rate
The exchange rate expressed between the value of Peso Proceeds versus the amount of US Dollar, regardless of actual Foreign Currency Involved, if any.

APPENDIX 18
Page xxx of xxx
Guidelines and Minimum Documentary Requirements for Foreign Exchange (FX) Forward and Swap Transactions x A. FORWARD SALE OF FX TO COVER FX OBLIGATIONS – DELIVERABLE AND NON-DELIVERABLE Transactions with specific amounts and due dates shall be eligible for FX forward contracts, subject to the following guidelines:

xxx
xxx
xxx
INWARD INVESTMENTS
The unremitted amount of sales/maturity proceeds, as well as earnings of non-resident investors pertaining to BSP-registered investments in instruments under Sections 36.1 and 37.1 of the FX Manual may be covered by FX forward contracts, subject to the documentary requirements under Appendix 1.4 of the FX Manual. x

ANNEX N
Page xxx of xxx
Prepared by:
Signature over Printed Name of Applicant’s Authorized Representative Position: ________________ Company: _____________ Company Tel. No.: ________ Company Fax No.: ______ Company Email Address: _________________________ Date: ___________________ Certified True and Correct:
Signature over Printed Name of Authorized Officer of FX Selling Bank Position: _______________________________________ Company Tel. No.: ________ Company Fax No.: ______ Company Email Address: _________________________ Date: ___________________ BANGKO SENTRAL NG PILIPINAS INTERNATIONAL OPERATIONS DEPARTMENT COMPUTATION SHEET FOR OUTWARD REMITTANCE FOR FOREIGN INVESTMENTS REGISTERED WITH THE BSP Date of FX Sale: <DD-MMM-YYYY> Name of FX Selling Bank: ________________ TYPE OF OUTWARD REMITTANCE FOR FOREIGN INVESTMENTS REGISTERED WITH THE BSP Cash Dividends Profits/Earnings Capital Investee Firm: ________________________________________________ ________________________________________________ Investor: ________________________________________________ ________________________________________________
I. FOR PROFITS/EARNINGS
Amount of Profits/Earnings due to the Investor:
BSRD No.
II. FOR CASH DIVIDENDS
Record Date: (DD-MMM-YYYY) ____________________ Payment Date: (DD-MMM-YYYY) __________________ A. Dividends Total Amount in PHP (A): ______________________________ No. of shares1 (B): ______________________________ Rate per share in PHP (A/B): ______________________________ B. Dividends due to the Investor: __________ BSRD No. No. of Shares2 Registered and Outstanding (C) Dividend Rate (D) Total Dividends Due to Investor (In PHP) (E=C x D) _____________ ______________ ______________ 1 Refers to total shares issued and outstanding as of record date 2 Out of total number of shares issued and outstanding as of record date (in footnote 1)

ANNEX N
Page xxx of xxx
Prepared by:
Signature over Printed Name of Applicant’s Authorized Representative Position: ________________ Company: _____________ Company Tel. No.: ________ Company Fax No.: ______ Company Email Address: _________________________ Date: ___________________ Certified True and Correct:
Signature over Printed Name of Authorized Officer of FX Selling Bank Position: _______________________________________ Company Tel. No.: ________ Company Fax No.: ______ Company Email Address: _________________________ Date: ___________________
II. FOR CAPITAL5
BSRD No. Total Amount/
No. of Shares
Registered6
Outstanding Balance
Before This
Repatriation6
Amount/No. of
Shares Applied for
Repatriation
3 PHP/1.00 FCY (to be supplied by FX selling bank) 4 PHP/1.00 FCY 5 For entities undergoing liquidation, sale of FX shall be subject to documentation under
Appendix 1.4 and items 1 and 4, Part II.A of Appendix 10.C (as applicable).
6 Refers to number of shares (for stock corporations) or amount (e.g., assigned capital, contributed capital) FOR PROFITS/EARNINGS/CASH DIVIDENDS A. Gross Peso Amount Remittable (E) B. Less: Taxes/Charges
C. Net Peso Amount Remittable
D. Divided by: FX Rate3
E. Equals: Foreign Exchange Remittable (in orig. currency) USD Equiv. (if remittance is in third currency4 ) FX Rate3 A. Total No. of Shares/Amount for Remittance B. Selling Price/Share (if applicable)
C. Gross Peso Amount Remittable (A x B)
D. Less: Taxes/Charges
E. Net Peso Amount Remittable
Divided by: FX Rate3
Equals: Foreign Exchange Remittable (in orig. currency) USD Equiv. (if remittance is in third currency4 ) FX Rate3

ANNEX R
IOD Form - Newly-issued BSP Reference Number Deadline:
Submission:
Report Category: A-2
Reporting Date:
Reporting Bank:
BSP Reference No.2/ BSP Reference Number Issuance Date Name of Foreign Investor Country Code Securities Account Number (if applicable) Common/Trade Name of the Foreign Investor Name of Ultimate Beneficiary of the Foreign Investor (if available) 1/ Applies to all newly-issued BSP Reference Number/s regardless of funding type (e.g., inward remittance and peso proceeds) 2/ Formerly the BSRD Number Certified True and Correct:
Position: Department:
Tel No.: Fax No.:
Email Address:
Address:
Within two (2) banking days from actual settlement date or date of compliance with Appendix 10.C of the FX Manual Signature over Printed Name of Authorized Officer REPORT ON FOREIGN INVESTMENTS REGISTERED WITH THE BANGKO SENTRAL NG PILIPINAS (BSP) THROUGH AUTHORIZED AGENT BANKS (AABs) 1/ Email to International Operations Department at iod_imag_fi_aab@bsp.gov.ph in pdf and.xls/.xlsx format

ANNEX R
IOD Form - Inward Investments Deadline:
Submission:
Report Category: A-2
Reporting Date:
Reporting Bank:
FCY US$ Equivalent
Certified True and Correct:
Position: Department:
Tel No.: Fax No.:
Email Address:
Address:
Transaction No. Reckoning Date Basis of Reckoning Date BSP Reference No. Transaction Code Investment ID Actual Settlement Date Email to International Operations Department at iod_imag_fi_aab@bsp.gov.ph in pdf and.xls/.xlsx format Within two (2) banking days from actual settlement date or date of compliance with Appendix 10.C of the FX Manual Signature over Printed Name of Authorized Officer Amount New/Additional Shares/Units/Face Amount/Amount Peso Utilized International Securities Identification Number (ISIN) / Certificate of Time Deposit (CTD) Number Issue Date Maturity Date REPORT ON FOREIGN INVESTMENTS REGISTERED WITH THE BANGKO SENTRAL NG PILIPINAS (BSP) THROUGH AUTHORIZED AGENT BANKS (AABs) CIR No. FCY Symbol

ANNEX R
IOD Form - Repatriation Deadline:
Submission:
Report Category: A-2
Reporting Date:
Reporting Bank:
FCY US$ Equivalent
Certified True and Correct:
Position: Department:
Tel No.: Fax No.:
Email Address:
Address:
International Securities Identification Number (ISIN) / Certificate of Time Deposit (CTD) Number Email to International Operations Department at iod_imag_fi_aab@bsp.gov.ph in pdf and.xls/.xlsx format Within two (2) banking days from actual remittance date Signature over Printed Name of Authorized Officer Divested Shares/Units/Face Amount/Amount Peso Proceeds REPORT ON FOREIGN INVESTMENTS REGISTERED WITH THE BANGKO SENTRAL NG PILIPINAS (BSP) THROUGH AUTHORIZED AGENT BANKS (AABs) Country where Remitted Actual Settlement Date Actual Remittance Date FCY Symbol Amount Transaction No. BSP Reference No. Transaction Code Investment ID PHP to US$ Rate Source of Repatriation

ANNEX S
Deadline:
Submission:
Report Category: A-2
Reporting Date:
Reporting Bank:
NET AMOUNT
(IN ORIGINAL CURRENCY)
FX CONVERTED IN ORIGINAL
CURRENCY (NET OF
REMITTANCE CHARGES)
DATE FXRATE PHP PROCEEDS
(NET OF CHARGES)
AMOUNT UTILIZED
(IN PHP)
Certified True and Correct:
Position: Department:
Tel No.: Fax No.:
Email Address:
Address:
CIR NO. TELEGRAPHIC TRANSFER
REFERENCE NUMBER
REMDATE FCY SYMBOL
FX RECEIVED
Signature over Printed Name of Authorized Officer REPORT ON FUNDING FOR FOREIGN INVESTMENTS REGISTERED WITH THE BANGKO SENTRAL NG PILIPINAS (BSP) THROUGH AUTHORIZED AGENT BANKS (AABs) CONVERSION FX CONVERTED US$ EQUIVALENT OF FX CONVERTED (IF CURRENCY REMITTED IS OTHER THAN US$) Within two (2) banking days from actual settlement date or date of compliance with Appendix 10.C of the FX Manual Email to International Operations Department at iod_imag_fi_aab@bsp.gov.ph in pdf and.xls/.xlsx format

ANNEX AB
Deadline: 15 banking days from the end of the reference quarter Submission: E-mail to International Operations Department at iod-pid@bsp.gov.ph in pdf and .xls/.xlsx format Report Category: A-2 Reporting Bank: _____________________________

Please indicate stock certificate number for shares without BSP Ref. No. (i.e., investments acquired prior to 15 March 1973). Use the following format for dates: MM-DD-YYYY (e.g., 01-25-2023)
1/ Refers to the following:
PSE - PSE-listed equity securities issued by residents under Section 33.3.a.(ii) excluding ETFs, PDRs PSE-NR - Non-resident issued equity securities (onshore or offshore) that are listed at an onshore exchange under Section 34.1 Peso GS - Peso-denominated Debt securities issued onshore by the National Government and other public sector entities under Section 33.2 Peso TD - Peso time deposits with an authorized agent bank with a maturity of at least 90 days under Section 33.4 PDI - Peso-denominated Debt instruments issued onshore by private sector residents firms that are not covered by the provisions of Part Three, Chapter I of the FX Manual under Section 33.3.b.(ii) PDI-NR Peso denominated Debt instruments issued onshore by non-residents that are listed at an onshore exchange under Section 34.2.b ETF - Exchange Traded Funds issued/created onshore by residents under Section 33.3.c PDR - Philippine Depositary Receipts that are listed at an onshore exchange under Section 33.3.e.(ii) UITF - Peso-denominated Unit Investment Trust Fund issued onshore by a resident MF - Peso-denominated Mutual Fund issued onshore by a resident IPD - Interim Peso Deposit 2/ For PDIs in non-participating preferred shares not listed in an onshore exchange, please indicate the company name/investee firm. Otherwise, leave blank. 3/ If type of instrument is PSE, PSE-NR, ETF, PDR or PSE-listed PDI & PDI-NR, refer to the unique ticker/stock symbol/Sec ID of the PSE. If type of instrument is Peso GS, choose one (1) of the following: Fixed Rate Treasury Notes (FXTN), Retail Treasury Bonds (RTB), Benchmark Bonds (BMB) or Treasury Bills (TBIL). Otherwise, leave blank. 4/ If type of instrument is Peso GS, this refers to the internationally assigned identification number for the securities. ISIN must be provided for investment ID codes (e.g., TBIL, FXTN, TBOND or RTB). Leave the field blank for PSE-listed shares. Use Committee on Uniform Securities and Identification Procedures (CUSIP) when ISIN is not available. If type of instrument is Peso TD, refer to the time deposit certificate number issued by the bank. Otherwise, leave blank. 5/ Except for Peso GS, Peso TD, UITF, MF and IPD 6/ Only for Peso GS, UITF, MF and PDI in bonds/notes; otherwise, leave blank. 7/ Only for Peso TDs, IPDs and PDIs covering instruments other than bonds/notes/non-participating preferred shares; otherwise, leave blank. Certified True and Correct:
Position: ______________________ Department:____________________ Tel No.: ________________________ Fax No.: _______________________ Email Address: ________________________________________________ Address: ______________________________________________________ Signature over Printed Name of Authorized Officer AS OF : _____________________________ BSP Reference No.* No. of Shares5/ Amount/Units6/ Amount in PHP7/ Type of Instrument1/ Investment Name2/ Investment ID3/ ISIN4/ REPORT ON OUTSTANDING BALANCES OF FOREIGN INVESTMENTS REGISTERED WITH THE BANGKO SENTRAL NG PILIPINAS (BSP) THROUGH AUTHORIZED AGENT BANKS (AABs)

ANNEX AC
Reserved

ANNEX AD
Deadline: Monthly, within five (5) banking days after end of reference month. Submission: E-mail to International Operations Department at iod-pid@bsp.gov.ph in .pdf and .xls/.xlsx format Category: A-2 COUNTRY 3/ BSRD NUMBER 4/ NAME 5/ INDUSTRY CLASSIFICATION 6/ 2009 PSIC CODE 7/ TYPE OF INSTRUMENT 8/ NUMBER OF SHARES 9/ PESO AMOUNT/ FACE VALUE 10/ US$ EQUIVALENT 11/ 1/ For the definition of FDI, please refer to Section 33 of the FX Manual. Certified True and Correct:
The computation shall be based on the outstanding shares held by the non-resident investor in the resident enterprise as of end of reference month. 2/ Name of non-resident investor (up to securities account level) 3/ Pertains to the country where the non-resident investor is operating 4/ Bangko Sentral Registration Document (BSRD) Number issued to non-resident investor 5/ Name of the resident enterprise/investee firm where an FDI relationship was determined Position: Department:
6/ Industry classification of the resident enterprise/investee firm based on PSE classification Tel No.: Fax No.:
7/ Industry code based on 2009 Philippine Standard Industrial Classification (PSIC) Email Address:
8/ Indicate PSE (for PSE-listed securities) or GS (for Government Securities) Date:
9/ Number of shares for PSE-listed securities as of end of reference month 10/ Face/Peso value of the debt security or Peso market value of an equity security (using the PSE closing price at the end of reference month) 11/ US$ equivalent using the BSP reference rate at the end of reference month Signature of Authorized Officer Over Printed Name AS OF END-<MONTH> <YEAR> Reporting Bank: ________________________________________ BANGKO SENTRAL NG PILIPINAS INVESTEE FIRM REPORT ON FOREIGN DIRECT INVESTMENTS (FDIs) REGISTERED WITH THE BANGKO SENTRAL NG PILIPINAS (BSP) THROUGH AUTHORIZED AGENT BANKS (AABs)1/ INVESTOR NAME 2/ OUTSTANDING BALANCE

Circular No. 1192: Amendments to Foreign Exchange Regulations Covering Foreign Investments

Lineage: Amended

Timeline

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