Regulatory Alerts2026-05-20
Circular No. 1234: Amendment of the Exposure Limits of Unit Investment Trust Funds
Bangko Sentral ng Pilipinas issued Circular No. 1234 to amend the maximum exposure limits for Unit Investment Trust Funds relative to exchange-traded equity securities. The regulation increases the single-entity exposure limit from fifteen percent to twenty percent for UITFs invested in such securities, while maintaining the fifteen percent cap for other investments. Trust entities must notify the supervising department immediately upon any breach and correct mark-to-market or extraordinary breaches within thirty days.
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