M-2024-009: Collection of the Annual Supervision Fees (ASF) for the Year 2024

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FINANCIAL SUPERVISION SECTOR | OFFICE OF THE DEPUTY GOVERNOR MEMORANDUM NO. M-2024-___ To : ALL PAWNSHOPS AND MONEY SERVICE BUSINESSES Subject : Collection of the Annual Supervision Fees (ASF) for the Year 2024 Pursuant to the authority of the Monetary Board to collect annual supervision fees from Bangko Sentral ng Pilipinas (BSP)-supervised financial institutions (BSFIs), including Pawnshops and Money Service Businesses (MSBs), under Section 28 of Republic Act (R.A.) No. 7653 (The New Central Bank Act), as amended by R.A. No. 112111 , the following guidelines shall govern the computation and collection by the BSP and the payment by Pawnshops and MSBs2 of the 2024 ASF.

1. Computation of ASF for 2024
   a. Pawnshops
   The ASF is computed based on the number of Pawnshop offices as at the end of December of the immediately preceding year multiplied by five hundred pesos (P500.00) in accordance with
   Section 702-P of the Manual of Regulations for Non-Bank Financial
   Institutions (MORNBFI)-P Regulations. b. MSBs The ASF is computed based on the MSB type in accordance with the regulation on payment of annual service fee under Section 901-N of the MORNBFI-N Regulations. The MSB type as at the end of December of the immediately preceding year shall be used as basis for purposes of determining the amount of ASF. Pawnshops with MSB registration shall pay the ASF applicable for both pawnshop and MSB. Sample illustrative computations are provided in Annex A.
2. Notification of Amount Due for 2024 and Mode of Payment
   The BSP’s Department of Supervisory Analytics (DSA) shall send billing notices to all Pawnshops and MSBs for their ASF, indicating, 1 Supervised institutions shall pay to Bangko Sentral no later than May 31 of each year, an annual supervision fee as may be prescribed by the Monetary Board (MB). 2 Collection of ASF of electronic money (e-money) issuers (EMIs) and virtual asset service providers (VASPs) is covered separately.
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among others, the computation of the ASF due, the period covered by the ASF and the due date for the payment thereof. Payment shall be made through any payment channels available in BSP’s New Order of Payment System (NOPS). The Order of Payment Number (OPN) relative to this transaction can also be generated through the NOPS. The NOPS can be accessed through this link https://nops.bsp.gov.ph/nops/. To generate the OPN through the NOPS, follow these steps:
a. Click “Create Order of Payment Number” button. b. Choose the appropriate transaction type:
i. For Pawnshops, select “CASGTB/NB-Annual Supervisory
Fees - Pawnshop.”
ii. For Money Service Businesses (MSBs), choose
“CASGTB/NB-Annual Supervisory Fees - Money Service Business.”
c. Complete the other required details such as address, e-mail,
and phone number. d. Ensure that the 11-digit Account Number adheres to the prescribed format, as follows:
i. The first four (4) digits represent the current assessment
year (which is 2024).
ii. The remaining seven (7) digits correspond to the unique
BSFI code of the Pawnshop or MSB. For Pawnshops, use the first seven (7) digits of the Pawnshop Registration No. stated in the BSP-issued Certificate of Authority. For MSBs, use the first seven (7) digits of the MSB Registration No. stated in the BSP-issued Certificate of Registration. For Example:
First 4 digits Last 7 digits 11-digit Account Number Current assessment year First 7 digits of the unique BSFI code, i.e., Pawnshop or MSB Registration No. 2024 1234567 20241234567 e. Click Agree then submit.
3. Exceptions Noted on Billing Notice of 2024 ASF
Upon receipt of the BSP Notice of ASF billing, the Pawnshop or MSB is encouraged to check the accuracy of the billing. In case concerns or exceptions are noted by the Pawnshop or MSB, such concerns or exceptions shall be submitted to the BSP not later than five (5) working days from receipt of the billing notice, otherwise the BSFI is deemed to have concurred with the billing notice.
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Concerns or exceptions, if any, together with supporting documents, shall be e-mailed to fsd9@bsp.gov.ph using the following prescribed subject format – ASF 2024-Noted Exceptions<space><ABC PAWNSHOP>. For Example:
To : fsd9@bsp.gov.ph
Subject : ASF 2024-Noted Exceptions <ABC Pawnshop> Concerns or exceptions not duly substantiated with supporting documents shall not be considered in the evaluation of the BSP. The Pawnshop or MSB concerned shall be advised of the action taken on the concerns or exceptions raised. This Memorandum shall take effect immediately. For strict compliance.

CHUCHI G. FONACIER
Deputy Governor
25 March 2024
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Annex A
Scenarios for computation of 2024 ASF A. Pawnshops: P500 per Pawnshop Office Total no. of Pawnshop offices as of 31 December 2023 : 100 ASF rate : P500 ASF for 2024 : P 50,000.00 B. MSB MSB Type Annual Service Fee A P 100,000 B P 20,000 C 3 P 300,000 and/or as determined by Monetary Board D P 100,000 E P 100,000 F P 20,000 Note: ASF rate will be based on the type of MSB as of 31 December 2023
C. Pawnshops with (Types A, D and E) MSB registration: ASF for Pawnshop plus
ASF for MSB
Total no. of Pawnshop offices as of 31 December 2023 : 100 Pawnshop ASF rate : P500 P 50,000.00 Type A/D/E MSB ASF rate : 100,000.00 ASF for 2024 : P 150,000.00 D. Pawnshops with (Types B and F) MSB registration: ASF for Pawnshop plus ASF for MSB Total no. of Pawnshop offices as of 31 December 2023 : 100 Pawnshop ASF rate : P500 P 50,000.00 Type B/F MSB ASF rate : 20,000.00 ASF for 2024 : P 70,000.00 3 Type “C” registered MSBs pertain to EMIs, the ASF collection of which is not covered in this Memorandum.