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MB Extends the Transitory Provision of Subsection 4511N.16 of MORNBFI

08.09.2017

The Monetary Board approved the extension from 10 August 2017 to 31 January 2018 of the transitory period of Circular No. 942 dated 20 January 2017 on the effectivity of previously issued Certificates of Registration (CORs) to Remittance and Transfer Companies (RTCs)/Money Changers (MCs)/Foreign Exchange Dealers (FXDs).

This is to provide RTCs/MCs/FXDs, collectively known as Money Service Business (MSBs), with more time to gather complete and updated documentary requirements for their registration with the BSP.
 
After 31 January 2018, all previously-issued Bangko Sentral CORs shall be considered automatically cancelled.

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