Accounting Standards/Guidelines
Guidelines on the Early Adoption of PFRS 9
Circular No. 1023 dated 04 December 2018 - Guidelines on the Adoption of Philippine Financial Reporting Standards 9 (PFRS 9) - Financial Instruments under management of Trust Entities Circular No. 1011 dated 14 August 2018 - Guidelines on the Adoption of the Philippine Financial Reporting Standard (PFRS) 9 - Financial Instruments Circular No. 912 dated 27 May 2016 – Mandatory Implementation Date and Closure of Early Adoption Window of Philippine Financial Reporting Standards 9 Financial Instruments Circular No. 761 dated 20 July 2012- Philippine Financial Reporting Standards 9 Circular No. 733 dated 5 August 2011 - Philippine Financial Reporting Standards 9 Circular No. 708 dated 10 January 2011 – Guidelines on the adoption of PFRS 9
Circular No. 1023 dated 04 December 2018 - Guidelines on the Adoption of Philippine Financial Reporting Standards 9 (PFRS 9) - Financial Instruments under management of Trust Entities
Circular No. 1011 dated 14 August 2018 - Guidelines on the Adoption of the Philippine Financial Reporting Standard (PFRS) 9 - Financial Instruments
Circular No. 912 dated 27 May 2016 – Mandatory Implementation Date and Closure of Early Adoption Window of Philippine Financial Reporting Standards 9 Financial Instruments
Circular No. 761 dated 20 July 2012- Philippine Financial Reporting Standards 9
Circular No. 733 dated 5 August 2011 - Philippine Financial Reporting Standards 9
Circular No. 708 dated 10 January 2011 – Guidelines on the adoption of PFRS 9
Adoption of PFRS/PAS
Memorandum to All Banks and Other BSP Supervised Financial Institutions dated 23 November 2005 - Re-classification of investment in debt and equity securities between categories Circular No. 494 dated 20 September 2005 - Guidelines on the Adoption of Philippine Financial Reporting Standards and Philippine Accounting Standards Memorandum to All Banks and Other BSP Supervised Financial Institutions dated 11 January 2005 - Adoption of the Accounting Standards Council (ASC) approved Philippine Accounting Standards (PAS) and Philippine Financial Reporting Standards (PFRS) based on the International Accounting Standards (IAS) and International Financial Reporting Standards (IFRS) issued by the International Accounting Standards Board (IASB)
Memorandum to All Banks and Other BSP Supervised Financial Institutions dated 23 November 2005 - Re-classification of investment in debt and equity securities between categories
Circular No. 494 dated 20 September 2005 - Guidelines on the Adoption of Philippine Financial Reporting Standards and Philippine Accounting Standards
Memorandum to All Banks and Other BSP Supervised Financial Institutions dated 11 January 2005 - Adoption of the Accounting Standards Council (ASC) approved Philippine Accounting Standards (PAS) and Philippine Financial Reporting Standards (PFRS) based on the International Accounting Standards (IAS) and International Financial Reporting Standards (IFRS) issued by the International Accounting Standards Board (IASB)
Prudential Accounting Guidelines
Circular No. 1021 dated 15 November 2018 - Guidelines on Marking to Market of Financial Instruments Circular No. 1006 dated 01 June 2018 - Amendments to Rules on Conversion/Transfer of Foreign Currency Loans to Peso Loans Circular No. 963 dated 27 June 2017 – Bank Responsibility for the Generation and Timely Submission of Required Reports to the Bangko Sentral Circular No. 915 dated 5 July 2016 – Amendments on the Accounting Guidelines for Prudential Reporting to the BSP Circular No. 784 dated 25 January 2013 – Amendments to Exclusions from Single Borrower’s Loan Limit and Equity Investment Ceilings Memorandum No. M-2012-048 dated 12 October 2012 – Transitory Guidelines on the Reporting of Deposit for Stock Subscription in Prudential Reports Circular No. 762 dated 25 July 2012 – Amendments to Regulations on Deposit for Stock Subscription of Banks/Quasi-Banks Memorandum No. M-2011-020 dated 30 March 2011 - Revised Regulatory Treatment of Investments of Banks in RP Global Peso Notes Memorandum No. M-2010-038 dated 26 October 2010 - Regulatory Treatment of Peso Denominated Debt Securities Issued by Philippine Entities that are Settled in Foreign Currency Memorandum No. M-2010-028 dated 8 September 2010 - Regulatory Treatment of Investments of Banks in RP Global Peso Notes Circular No. 691 dated 23 June 2010 - Amendments to the Guidelines on the Transfer of FCDU/EFCDU Profits(Losses) to the RBU Book and to the Selected Accounts and Schedules of the Financial Reporting Package Circular No. 689 dated 16 June 2010 - Interbank loans Circular No. 628 dated 31 October 2008 - Guidelines on the Reclassification of Financial Assets between categories Circular No. 626 dated 23 October 2008 - Reclassification of Financial Assets Between Categories Memorandum No. M-2008-010 dated 7 March 2008 - Guidelines on the Accounting Treatment for Investments in CLNs and Other Structured Products Circular No. 572 dated 21 June 2007 - Guidelines on Accounting for Government Grants with Nil or Low Interest Rates Circular No. 558 dated 22 January 2007 - Guidelines on Foreign Currency Denominated Philippine National Government (NG)/BSP Bonds/Debt Securities Booked Under Held to Maturity (HTM) Category Circular No. 555 dated 12 January 2007 - Amendment to Circular No. 520 on the Timing of Booking of Real and Other Properties Acquired (ROPA) Circular No. 520 dated 20 March 2006 - Amendments to Circular No. 494 on the Accounting for Appraisal Increment Reserves and Real and Other Properties Acquired Circular No. 506 dated 23 December 2005 - Amendments to Circular Nos. 360 and 466 on the Capital/ Accounting Treatment of Certain Financial Instruments Memorandum to All Banks and Non-Bank Financial Institutions with Quasi-Banking Functions dated 02 December 2005 - Amendments to the Accounting Guidelines on the Sale of NPAs to SPV and to Qualified Individuals for Housing Under the SPV Act of 2002 Circular No. 476 dated 16 February 2005 - Revised rules and regulations to govern accounting for investments in debt and equity securities
Circular No. 1021 dated 15 November 2018 - Guidelines on Marking to Market of Financial Instruments
Circular No. 1006 dated 01 June 2018 - Amendments to Rules on Conversion/Transfer of Foreign Currency Loans to Peso Loans
Circular No. 963 dated 27 June 2017 – Bank Responsibility for the Generation and Timely Submission of Required Reports to the Bangko Sentral
Circular No. 915 dated 5 July 2016 – Amendments on the Accounting Guidelines for Prudential Reporting to the BSP
Circular No. 784 dated 25 January 2013 – Amendments to Exclusions from Single Borrower’s Loan Limit and Equity Investment Ceilings
Memorandum No. M-2012-048 dated 12 October 2012 – Transitory Guidelines on the Reporting of Deposit for Stock Subscription in Prudential Reports
Circular No. 762 dated 25 July 2012 – Amendments to Regulations on Deposit for Stock Subscription of Banks/Quasi-Banks
Memorandum No. M-2011-020 dated 30 March 2011 - Revised Regulatory Treatment of Investments of Banks in RP Global Peso Notes
Memorandum No. M-2010-038 dated 26 October 2010 - Regulatory Treatment of Peso Denominated Debt Securities Issued by Philippine Entities that are Settled in Foreign Currency
Memorandum No. M-2010-028 dated 8 September 2010 - Regulatory Treatment of Investments of Banks in RP Global Peso Notes
Circular No. 691 dated 23 June 2010 - Amendments to the Guidelines on the Transfer of FCDU/EFCDU Profits(Losses) to the RBU Book and to the Selected Accounts and Schedules of the Financial Reporting Package
Circular No. 689 dated 16 June 2010 - Interbank loans
Circular No. 628 dated 31 October 2008 - Guidelines on the Reclassification of Financial Assets between categories
Circular No. 626 dated 23 October 2008 - Reclassification of Financial Assets Between Categories
Memorandum No. M-2008-010 dated 7 March 2008 - Guidelines on the Accounting Treatment for Investments in CLNs and Other Structured Products
Circular No. 572 dated 21 June 2007 - Guidelines on Accounting for Government Grants with Nil or Low Interest Rates
Circular No. 558 dated 22 January 2007 - Guidelines on Foreign Currency Denominated Philippine National Government (NG)/BSP Bonds/Debt Securities Booked Under Held to Maturity (HTM) Category
Circular No. 555 dated 12 January 2007 - Amendment to Circular No. 520 on the Timing of Booking of Real and Other Properties Acquired (ROPA)
Circular No. 520 dated 20 March 2006 - Amendments to Circular No. 494 on the Accounting for Appraisal Increment Reserves and Real and Other Properties Acquired
Circular No. 506 dated 23 December 2005 - Amendments to Circular Nos. 360 and 466 on the Capital/ Accounting Treatment of Certain Financial Instruments
Memorandum to All Banks and Non-Bank Financial Institutions with Quasi-Banking Functions dated 02 December 2005 - Amendments to the Accounting Guidelines on the Sale of NPAs to SPV and to Qualified Individuals for Housing Under the SPV Act of 2002
Circular No. 476 dated 16 February 2005 - Revised rules and regulations to govern accounting for investments in debt and equity securities
Regulatory Relief on the Adoption of PFRS/PAS for Prudential Reporting Purposes
Memorandum No. M-2012-036 dated 24 July 2012 – Accounting Treatment of the Losses from the Transfer/Sale of Non-Performing Assets to Special Purpose Vehicle Circular No. 738 dated 11 October 2011 - Treatment of Securities Offered and Accepted in Tender Offers Pursuant to Liability Management Transactions of the Republic of the Philippines Memorandum No. M-2010-027 dated 8 September 2010 - Exemption of Securities Offered and Accepted in Debt Exchange Offerings of the Republic of the Philippines from the Tainting Rule Circular No. 670 dated 18 November 2009 - Treatment of Securities Offered and Accepted in Debt Exchange Offerings of Government Owned and Controlled Corporations Memorandum No. M-2009-034 dated 28 September 2009 - Reminder to all banks that the effectivity of Circular No. 629 dated 31 October 2008, as amended, on the treatment of net unrealized losses in the FCDU/EFCDU book ends after 30 September 2009 Circular No. 651 dated 1 April 2009 - Extension of the Effectivity of Circular No. 629 on the Treatment of Net Unrealized Losses in the FCDU/EFCDU Book for Purposes of Determining Compliance with the FCDU/EFCDU Asset Cover up to 30 September 2009 Circular No. 629 dated 31 October 2008 - Prescribes the treatment of net unrealized losses in the FCDU/EFCDU Book for Purposes of Determining Compliance with the FCDU/EFCDU Asset Cover Requirement Circular No. 628 dated 31 October 2008 - Guidelines on the Reclassification of Financial Assets between Categories Circular No. 626 dated 23 October 2008 - Reclassification of Financial Assets between Categories Circular No. 546 dated 21 September 2006 - Participation in the Global Bond Offering of the Republic of the Philippines Circular No. 509 dated 1 February 2006 - Participation in the Domestic Debt Exchange Offer of the Republic of the Philippines
Memorandum No. M-2012-036 dated 24 July 2012 – Accounting Treatment of the Losses from the Transfer/Sale of Non-Performing Assets to Special Purpose Vehicle
Circular No. 738 dated 11 October 2011 - Treatment of Securities Offered and Accepted in Tender Offers Pursuant to Liability Management Transactions of the Republic of the Philippines
Memorandum No. M-2010-027 dated 8 September 2010 - Exemption of Securities Offered and Accepted in Debt Exchange Offerings of the Republic of the Philippines from the Tainting Rule
Circular No. 670 dated 18 November 2009 - Treatment of Securities Offered and Accepted in Debt Exchange Offerings of Government Owned and Controlled Corporations
Memorandum No. M-2009-034 dated 28 September 2009 - Reminder to all banks that the effectivity of Circular No. 629 dated 31 October 2008, as amended, on the treatment of net unrealized losses in the FCDU/EFCDU book ends after 30 September 2009
Circular No. 651 dated 1 April 2009 - Extension of the Effectivity of Circular No. 629 on the Treatment of Net Unrealized Losses in the FCDU/EFCDU Book for Purposes of Determining Compliance with the FCDU/EFCDU Asset Cover up to 30 September 2009
Circular No. 629 dated 31 October 2008 - Prescribes the treatment of net unrealized losses in the FCDU/EFCDU Book for Purposes of Determining Compliance with the FCDU/EFCDU Asset Cover Requirement
Circular No. 628 dated 31 October 2008 - Guidelines on the Reclassification of Financial Assets between Categories
Circular No. 626 dated 23 October 2008 - Reclassification of Financial Assets between Categories
Circular No. 546 dated 21 September 2006 - Participation in the Global Bond Offering of the Republic of the Philippines
Circular No. 509 dated 1 February 2006 - Participation in the Domestic Debt Exchange Offer of the Republic of the Philippines
External Audit/Use of Audited Financial Statements
Circular No. 956 dated 17 April 2017 – Amendments to the Guidelines on the Submission of Annual Reports and the Sanctions to be Imposed for Non-Disclosure of Relevant Information Circular No. 855 dated 29 October 2014 – Guidelines on Sound Credit Risk Management Practices; Amendments to the Manual of Regulations for Banks and Non-Bank Financial Institutions Memorandum No. M-2014-011 dated 14 March 2014 – BSP’s Expectations for an Effective External Audit Function Memorandum No. M-2014-007 dated 4 March 2014 – Guidelines on the Submission of the Annual Report of Banks Circular No. 746 dated 3 February 2012 - Exemption of Micro- and Small Enterprises from the Submission of Additional Documentary Requirements on the Grant of Loans and Other Credit Accommodations by Banks and Other Financial Institutions up to 31 December 2014 Circular No. 660 dated 25 August 2009 - Reforms to BSP's policy on the selection and delisting of external auditor and/or auditing firm of covered entities Circular No. 655 dated 12 May 2009 - One Year Suspension of Requirement on the Use of AFS Audited by Accredited External Auditors for Banks' Internal Credit Rating System Circular No. 653 dated 5 May 2009 - Guidelines in the preparation of audited financial statements for trust institutions Circular No. 622 dated 16 September 2008 - Exemption of Micro- and Small- Enterprises from the Submission of Additional Documentary Requirements on the Grant of Loans and Other Credit Accommodations by Banks and Other Financial Institutions up to 31 December 2011 Circular No. 554 dated 22 December 2006 – Submission of Annual Audit Report Circular No. 549 dated 9 October 2006 – Exemption of Micro- and Small- Enterprises from the Submission of Additional Documentary Requirements on the Grant of Loans and Other Credit Accommodations by Banks and Other Financial Institutions up to 18 October 2008 Circular No. 540 dated 9 August 2006 – Submission of Audited Financial Statements Circular No. 472 dated 1 February 2005 – Documentary Requirements on the Grant of Loans and Other Credit Accommodations by Banks and Other Financial Institutions Circular No. 439 dated 5 July 2004 – Implementation of Bank’s Internal Credit Risk Ratings Systems
Circular No. 956 dated 17 April 2017 – Amendments to the Guidelines on the Submission of Annual Reports and the Sanctions to be Imposed for Non-Disclosure of Relevant Information
Circular No. 855 dated 29 October 2014 – Guidelines on Sound Credit Risk Management Practices; Amendments to the Manual of Regulations for Banks and Non-Bank Financial Institutions
Memorandum No. M-2014-011 dated 14 March 2014 – BSP’s Expectations for an Effective External Audit Function
Memorandum No. M-2014-007 dated 4 March 2014 – Guidelines on the Submission of the Annual Report of Banks
Circular No. 746 dated 3 February 2012 - Exemption of Micro- and Small Enterprises from the Submission of Additional Documentary Requirements on the Grant of Loans and Other Credit Accommodations by Banks and Other Financial Institutions up to 31 December 2014
Circular No. 660 dated 25 August 2009 - Reforms to BSP's policy on the selection and delisting of external auditor and/or auditing firm of covered entities
Circular No. 655 dated 12 May 2009 - One Year Suspension of Requirement on the Use of AFS Audited by Accredited External Auditors for Banks' Internal Credit Rating System
Circular No. 653 dated 5 May 2009 - Guidelines in the preparation of audited financial statements for trust institutions
Circular No. 622 dated 16 September 2008 - Exemption of Micro- and Small- Enterprises from the Submission of Additional Documentary Requirements on the Grant of Loans and Other Credit Accommodations by Banks and Other Financial Institutions up to 31 December 2011
Circular No. 554 dated 22 December 2006 – Submission of Annual Audit Report
Circular No. 549 dated 9 October 2006 – Exemption of Micro- and Small- Enterprises from the Submission of Additional Documentary Requirements on the Grant of Loans and Other Credit Accommodations by Banks and Other Financial Institutions up to 18 October 2008
Circular No. 540 dated 9 August 2006 – Submission of Audited Financial Statements
Circular No. 472 dated 1 February 2005 – Documentary Requirements on the Grant of Loans and Other Credit Accommodations by Banks and Other Financial Institutions
Circular No. 439 dated 5 July 2004 – Implementation of Bank’s Internal Credit Risk Ratings Systems
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