2024-07-03
The Bangko Sentral ng Pilipinas issued this memorandum to update the list of cancelled and replaced Bangko Sentral Registration Documents (BSRDs) as of the first quarter of 2024. The document specifies that BSRDs cancelled or replaced between April 2020 and December 2022 due to investment changes must not be honored for foreign exchange purchases or earnings remittances. Authorized Agent Banks and foreign exchange corporations are directed to comply with Section 38 of the FX Manual by rejecting these invalid documents.
eDTS Ref. No. IOD-2023-01-0039 File/Ref. No.___ Classification: GENERAL Page 1 of 1 MEMORANDUM NO. M-2024-___ OFFICE OF THE DEPUTY GOVERNOR MONETARY AND ECONOMICS SECTOR To : All Authorized Agent Banks (AABs) and Subsidiary/Affiliate Foreign Exchange Corporations of AABs (AAB-forex corps) Subject : Cancelled and Replaced Bangko Sentral Registration Documents (BSRDs) Please be advised that the link below that was initially provided under Memorandum No. M-2023-016 dated 26 April 2023 covering the list of original BSRDs (issued in hardcopy) and provisional BSRDs (issued in electronic copy) pertaining to registration of investments of non-residents in resident investee-firms, which were cancelled and replaced from April 2020 to December 2022 due to changes/transfers, among others, in these investments pursuant to the provisions of the Manual of Regulations on Foreign Exchange Transactions (FX Manual), as amended, has been updated as of the first quarter of 2024. https://www.bsp.gov.ph/Price%20Stability/Download%20Section/List _of_Cancelled_and_Replaced_BSRDs.pdf
These previously issued BSRDs have been cancelled/replaced and should not be honored if presented for purchase of foreign exchange for capital repatriation or remittance of earnings, pursuant to Section 38 of the FX Manual. For information and compliance. FRANCISCO G. DAKILA, JR. Deputy Governor _________ 2024 Electronically signed by DG-MES Francisco G. Dakila, Jr. Date: 03 July 2024 03 July