​​​​​​​​​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. Application for Authority to Establish and Operate as Pawnshop - Kindly refer to the BSP Citizen's Charter accessible at https://www.bsp.gov.ph/SitePages/CitizensCharter/CitizensCharter.aspx for the revised processes and documentary requirements
      

      • 1.1 Stage 1 - Application for BSP Approval to Establish and Operate as Pawnshop​
        

        • 1.1.1 Checklist of Documentary Requirements for Application for BSP Approval to Establish and Operate as Pawnshop (Stage 1)​
          

        • 1.1.2 Personal Data and Authorization Form (PDAF)
          

      • 1.2 Stage 2 - Application for Issuance of Letter of No Objection to Register with the Securities and Exchange Commission the Articles of Partnership/ Articles of Incorporation and By-Laws indicating its purpose to operate as pawnshop (for partnerships/corporations)
        

        • 1.2.1 Checklist of Documentary Requirements for Application for Issuance of Letter of No Objection to Register with the Securities and Exchange Commission the Articles of Partnership/ Articles of Incorporation and By-Laws or amendments indicating its purpose to operate as pawnshop (for partnerships/corporations) (Stage 2)​
          

      • 1.3 Stage 3 - Application for Issuance of Certificate of Authority to Establish and Operate as Pawnshop​
        

        • 1.3.1 Checklist of Documentary Requirements for Application for Issuance of Certificate of Authority to Establish and Operate as Pawnshop (Stage 3)​
          

        • 1.3.2 Data Entry Template (DET) to generate FSS Licensing Form No. 01-001 (Application for Authority to Establish and Operate as Pawnshop)
          

        • 1.3.3 Deed of Undertaking
          

   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. Application for Authority to Establish and Operate as Money Service Business (MSB) - Kindly refer to the BSP Citizen's Charter accessible at https://www.bsp.gov.ph/SitePages/CitizensCharter/CitizensCharter.aspx for the revised processes and documentary requirements
      

      • 1.1 Stage 1 - Application for BSP Approval to Establish and Operate as Money Service Business (MSB)​
        

        • 1.1.1 Checklist of Documentary Requirements for Application for Authority to Establish and Operate as MSB (Stage 1)​
          

        • 1.1.2 Personal Data and Authorization Form (PDAF)

      • 1.2. Stage 2 - Application for Issuance of Letter of No Objection to Register with the Securities and Exchange Commission or Cooperative Development Authority the Articles of Partnership or Articles of Incorporation or Articles of Cooperation and By-Laws or amendments indicating its purpose to operate as Money Service Business (for partnerships/ corporations/cooperatives)

        • 1.2.1 Checklist of Documentary Requirements for Application for Issuance of Letter of No Objection to Register with the Securities and Exchange Commission or Cooperative Development Authority the Articles of Partnership / Articles of Incorporation or Articles of Cooperation, respectively, and By-Laws indicating its purpose to operate as MSB operator for partnerships/corporations/cooperatives (Stage 2)

      • 1.3. Stage 3 - Application for Issuance of Certificate of Authority to Establish and Operate as MSB

        • 1.3.1 Checklist of Documentary Requirements for Application for Issuance of Certificate of Authority to Establish and Operate as MSB (Stage 3)

        • 1.3.2 Data Entry Template (DET) to generate FSS Licensing Form No. 03-001 (Application for Authority to Establish and Operate as Money Service Business)

        • 1.3.3 Deed of Undertaking

        • 1.3.4 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