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Regulations

Registration of Pawnshops and Money Service Business (MSBs)

A. Pawnshops

 

Relevant Issuances

   

a.

BSP Circular No. 938 dated 23 December 2016 on the Amendments to the Manual of Regulations for Non-Bank Financial Institutions – Pawnshop (P) Regulations

   

b.

BSP Memorandum No. M-2017-003 dated 27 January 2017 on the Operational Guidelines on Bangko Sentral ng Pilipinas’ (BSPs’) Supervision on Pawnshops

   

c.

BSP Memorandum No. M-2017-007 dated 22 February 2017 on the Guidelines on the Issuance of License/Authority to Operate A Pawnshop and Other Applications Requiring Prior Approval

   

d.

BSP Memorandum No. M-2017-006 dated 22 February 2017 on the Guidelines on Activities Requiring Notification by the Pawnshop Operator

   

e.

BSP Memorandum No. M-2018-014 dated 28 March 2018 on the Updated BSP-Prescribed Forms in filing an Application to Operate a Pawnshop Business and Data Entry Template

 

User's Guide

 

Type of Application

   

1. Authority to Operate a Pawnshop Business

   

1.1

Data Entry Template (DET) to generate SES Licensing Form No. 01-001 (Application for Authority to Operate a Pawnshop Business)

   

1.2

SES Licensing Form No. 01-002 Checklist of Documentary Requirements for Authority to Operate a Pawnshop Business

   

1.3

SES Licensing Form No. 01-003 Deed of Undertaking

   

1.4

SES Licensing Form No. 01-004 Personal Data Sheet

   

1.5

SES Licensing Form No. 01-005 Sworn Certification on Financial Capacity

   

1.6

SES Licensing Form No. 01-006 Authorization for Querying the BSP Watchlist File

   

2. Application for Transfer of Ownership

     

2.1 Data Entry Template (DET) to generate Form 2P

     

2.2 Annex B Checklist of Requirements for Full Transfer of Ownership

     

2.3 Annex B-1 Checklist of Requirements for Change/Transfer of Shares

     

2.4 Annex B-2 Checklist of Requirements for From Deceased Person to Heir/s

   

3. Application for Change of Business Name

     

3.1 Data Entry Template (DET) to generate Form 3P

     

3.2 Annex C Checklist of Requirements

   

4. Surrender of Pawnshop Operator License

     

4.1 Data Entry Template (DET) to generate Form 4P

     

4.2 Annex D Checklist of Requirements

   

5. Notification of New Pawnshop Office/Branch

     

5.1 Data Entry Template (DET) to generate Form 5P

     

5.2 Annex A Checklist of Requirements

     

5.3 Annex A-1 Deed of Undertaking

   

6. Notification of Transfer of Location (DET to generate Form 6P)

   

7. Notification of Voluntary Closure of a Pawnshop Office (DET to generate Form 7P)

       

B. Money Service Businesses (MSBs)

 

Relevant Issuances

   

a.

BSP Circular No. 942 dated 20 January 2017 on the Amendment to Section 4511N of the Manual of Regulations for Non-Bank Financial Institutions

   

b.

BSP Memorandum No. M-2017-014 dated 31 March 2017 on the Guidelines on the Issuance of Certificate of Registration and Other Applications Requiring Prior Approval

   

c.

BSP Memorandum No. M-2017-015 dated 31 March 2017 on the Guidelines on Activities Requiring Notification

   

d.

BSP Memorandum No. M-2018-015 dated 28 March 2018 on the Updated BSP-Prescribed Forms in filing an Application to Operate a Money Service Business and Data Entry Template

 

Type of Application

   

1. Application for Certificate of Registration

   

A. Stage 1

     

SES Licensing Form No. 02-001 Checklist of Documentary Requirements for Registration to Operate a MSB (Stage 1)

    A. Stage 2
   

1.1

Data Entry Template (DET) to generate SES Licensing Form No. 03-001 (Application for Registration to Operate a MSB)

   

1.2

SES Licensing Form No. 03-002 Checklist of Documentary Requirements to Operate a MSB (Stage 2)

   

1.3

SES Licensing Form No. 03-003 Deed of Undertaking (for applicant/entity)

   

1.4

SES Licensing Form No. 03-004 Deed of Undertaking (for owner/partner/director)

   

1.5

SES Licensing Form No. 03-005 Personal Data Sheet

   

1.6

SES Licensing Form No. 03-006 Sworn Certification (on MLPP)

   

1.7

SES Licensing Form No. 03-007 Authorization for Querying the BSP Watchlist File

   

1.8

SES Licensing Form No. 03-008 Sworn Certification (on Financial Capacity)
   

1.9

SES Licensing Form No. 03-009 List of Remittance Tie-up Partners (if applicable)

   

2. Change of Registered/Business Name (DET to generate Form 2M)

   

3. Change of Ownership or Control

     

3.1 Data Entry Template (DET) to generate Form 3M

     

3.2 Annex B Checklist of Requirements for Full Transfer of Ownership

     

3.3 Annex B-1 Checklist of Requirements for Change/Transfer of Shares

     

3.4 Annex B-2 Checklist of Requirements for From Deceased Person to Heir/s

   

4. Establishment of New Branches and/or Newly-accredited Remittance Sub-agents

     

4.1 Data Entry Template (DET) to generate Form 4M

     

4.2 Annex A Checklist of Requirements

   

5. Additional/Terminated Remittance Tie-up Partners (DET to generate Form 5M)

   

6. Transfer of Location of Office/Remittance Sub-agent (DET to generate Form 6M)

   

7. Additional Business Activity (DET to generate Form 7M)

   

8. Closure of Branch/Remittance Sub-agent (DET to generate Form 8M)

   

9. Closure of Business (DET to generate Form 9M)