​​​​​​​​​Other Regulations​

Registration of Pawnshops and Money Service Businesses​ (MSBs)​​

1. ​Pawnshops

   Relevant Issuances

   1. BSP Circular No. 1039 dated 3 May 2019 on the Amendments to the N and P Regulations of the Manual of Regulations for Non-Bank Financial Institutions
      

   2. BSP Memorandum No. M-2019-019 dated 2 July 2019 on the Guidelines on the Submission of Application for License/Authority to Operate a Pawnshop and Activities Requiring Prior BSP Approval or Notification

   3. BSP Memorandum No. M-2019-013 dated 25 April 2019 on the Guidelines on the Electronic Submission of the Annual Consolidated Statement of Condition and Consolidated Statement of Income and Expenses to BSP-Supervision Data Center (SDC)​
      

   User's Guide​​​
   

   Type of Application

   1. Authority to Operate a Pawnshop Business - Kindly refer to page 129 of the BSP Citizen's Charter accessible at https://www.bsp.gov.ph/CitizensCharter/bspcitizenscharter.pdf for the revised processes and documentary requirements in the  Application for Authority to Establish and Operate as Pawnshop
      

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

      • 1.2 FSS Licensing Form No. 01-003 Deed of Undertaking
        

      • 1.3 FSS Licensing Form No. 01-004 Personal Data and Authorization Form (PDAF)​
        

   2. Application for Transfer of Ownership
      

      • 2.1 Data Entry Template (DET) to generate Form No. 2P

      • 2.2 Form No. 2P-1 Checklist of Documentary Requirements for Transfer of Ownership of Pawnshop (For Sole Proprietorship)​
        

      • 2.3 Form No. 2P-2 Checklist of Documentary Requirements for Transfer of Ownership of Pawnshop (For Partnership and Corporation)

      • 2.4 Form No. 2P-3 Checklist of Documentary Requirements for Transfer of Ownership from a Deceased Person to Heir/s

   3. Application for Change of Registered/Business Name (DET to generate Form No. 3P)

   4. Reclassification of Pawnshop License
      

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

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

      • 4.3 FSS Licensing Form No. 01-003 Deed of Undertaking
        

      • 4.4 FSS Licensing Form No. 01-004 Personal Data and Authorization Form (PDAF)

   5. Surrender of Pawnshop Operator License Due to Closure of Business (D​​​ET to generate Form No. 4P)

   6. Establishment of Additional Branch (DET to generate Form No. 5P)

   7. Transfer of Business Location/Change of Branch Name (DET to generate Form No. 6P)

   8. Voluntary Closure of Pawnshop Office/Branch (DET to generate Form No. 7P)

   ​

2. Money Service​ Businesses (MSBs)

   Relevant Issuances​
   

   1. BSP Circular No. 1039 dated 3 May 2019 on the Amendments to the N and P Regulations of the Manual of Regulations for Non-Bank Financial Institutions

   2. BSP Memorandum No. M-2019-018 dated 2 July 2019 on the Guidelines on the Submission of Application for Registration and Activities Requiring Prior BSP Approval or Notification

   3. BSP Memorandum No. M-2018-030 dated 2 October 2018 on the Guidelines on the Electronic Submission of Report on Remittance, Money Changing/Foreign Exchange, and/or Virtual Currency Exchange Transactions to BSP-Supervisory Data Center (SDC)

   Type of Application

   1. Registration of a MSB - Kindly refer to page 92 of the BSP Citizen's Charter accessible at https://www.bsp.gov.ph/CitizensCharter/bspcitizenscharter.pdf for the revised processes and documentary requirements in the  Application for Authority to Establish and Operate as Money Service Business
      

   A. Stage 1

   • FSS 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 FSS Licensing Form No. 03-001 (Application for Registration to Operate a MSB)

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

   • 1.3 FSS Licensing Form No. 03-005 Personal Data and Authorization Form

   • 1.4 List of Remittance Tie-up ​Partners (if applicable) (DET to generate FSS Licensing Form No. 03-009 )

   2. Change of Registered/Business Name (DET to generate Form No. 2M)

   3. Change in Ownership or Control

      • 3.1 Data Entry Template (DET) to generate Form No. 3M

      • 3.2 Form No. 3M-1 Checklist of Documentary Requirements for Change/Transfer of Ownership of MSB (For Sole Proprietorship)

      • 3.3 Form No. 3M-2 Checklist of Documentary Requirements for Change/Transfer of Ownership of MSB (For Partnership and Corporation)

      • 3.4 Form No. 3M-3 Checklist of Documentary Requirements for Transfer of Ownership from a Deceased Person to Heir/s
        

   4. Reclassification of Registration Category

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

      • 4.2 FSS Licensing Form No. 03-002 Checklist of Documentary Requirements for Registration to Operate a MSB (Stage 2)
        

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

      • 4.4 FSS Licensing Form No. 03-005 Personal Data and Authorization Form
        

      • 4.5 List of Remittance Tie-up Partners (if applicable) (DET to generate FSS Licensing Form No. 03-009 )

       

   5. Establishment of New Branches and/or Newly-accredited Remittance Sub-agents (DET to generate Form No. 4M)

   6. Additional/Terminated Remittance Tie-up Partner/s (DET to generate Form No. 5M)

   7. Transfer of Location of Office/Remittance Sub-agent (DET to generate Form No. 6M)

   8. Additional/Terminated Business Activity (DET to generate Form No. 7M)

   9. Change of Branch/Remittance Sub-agent Name (DET to generate Form No. 8M)

   10. Closure of Branch/Remittance Sub-agent (DET to generate Form No. 9M)

   11. Closure of Business (DET to generate Form No. 10M)