M-2026-018: Implementation of the International Transactions Reporting System (ITRS)

MEMORANDUM NO. M-2026-___
To : ALL BANKS
Subject : Implementation of the International Transactions Reporting System (ITRS) Further to BSP Memorandum No. M-2025-016 dated 15 May 2025, 1 the timeline of the implementation of the ITRS is revised as follows:
This memorandum supersedes prior communications to banks on the schedule of the ITRS implementation. Furthermore, the FX Form 1/1A reports shall continue to be submitted regularly according to the existing policy, until otherwise advised by the Bangko Sentral ng Pilipinas. For ITRS queries and related concerns, kindly contact the Department of Economic Statistics (DES) at ESSG-ITRS@bsp.gov.ph or at (02) 87087692. For information and compliance. ZENO RONALD R. ABENOJA Deputy Governor 07 May 2026 1 https://www.bsp.gov.ph/Regulations/Issuances/2025/M-2025-016.pdf
Schedule
Full Implementation Date
Activity
1 July 2027 ITRS Full Implementation for Rural and Digital banks 1 October 2027 ITRS Full Implementation for Universal, Commercial and Thrift banks