Regulations - Guidelines and Other Regulations

​​​​​​​​​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

    2. Application for Transfer of Ownership

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

    4. Reclassification of Pawnshop License

    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

    A. Stage 2

    1. Reclassification of Registration Category

       

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

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

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

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

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

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

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


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Created:6/17/2020 3:06 PM   by:  Pambid Frederick D.
Modified:7/26/2021 5:10 PM   by:  Pambid Frederick D.