Contains relevant economic and financial regulations issued by the BSP.

View List of Published Issuances
 
 
Issuance Type
Date Issued From
Date Issued To
 
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Manual of Regulations

The Manual of Regulations for Banks (MORB) is the primary source of regulations governing entities supervised by the Bangko Sentral ng Pilipinas. It provides the rules and policy issuances that implement the broader provisions of Republic Act No. 8791, also known as the General Banking Law of 2000, as wella s other pertinent banking laws.

New Manual of Regulations for Banks (MORB)

Manual of Regulations for Banks (MORB)
updated as of December 2020, PDF copy

Archives: December 2008 - December 2019​

Manual of Regulations for Non-Bank Financial Institutions (MORNBFI)
updated as of December 2020, PDF copy

Archives: December 2008 - December 2019

Manual of Regulations on Foreign Exchange Transactions​ (updated as of July 2022)
Forms, Annexes and Ap​p​endices (updated as of July 2022)​ ​
List of Amendments​

Issuances of Policy Exposure Drafts

Contains list of issuances of policy exposure drafts for comments and feedback by stakeholders

Title of Exposure Draft

Contact Person

Feedback Due Date

Implementing Rules and Regulations of the Mandatory Agriculture, Fisheries and Rural Development Financing under Republic Act (R.A.) No. 11901 or “The Agriculture, Fisheries and Rural Development Financing Enhancement Act of 2022”

Ms. Maria Cynthia M. Sison
Email: msison@bsp.gov.ph,

Ms. Amelia B. Damian
Email: adamian@bsp.gov.ph,

Ms. Pristine Grace B. Yorobe
Email: yorobepb@bsp.gov.ph, and

Mr. Aldrin S. Odinada
Email: odinadaas@bsp.gov.ph

 21 September 2022

Rules of Procedure for the Consumer Assistance Mechanism, Mediation and Adjudication of Cases in the Bangko Sentral ng Pilipinas

Ms. Mary Joyce Arceo
Email: ArceoMB@bsp.gov.ph,

Atty. Daisy Margaret V. Ducepec
Email: ogcls@bsp.gov.ph, and

Atty. Kariza Bianca M. Borlagdan
Email: ogcls@bsp.gov.ph

 03 September 2022

Draft Implementing Rules and Regulations of Executive Order No. 170

Email: constantinoka@bsp.gov.ph

Email: ktmasa@treasury.gov.ph

Email: etreyes@treasury.gov.ph

 24 August 2022

Amendments to foreign exchange (FX) regulations covering reporting guidelines and penalty provisions

Atty. Dennis A. Gamaya
Email: DGamaya@bsp.gov.ph,

Mr. John Carlo M. Abalos
Email: AbalosJM@bsp.gov.ph, and

Ms. Judith M. Ilagan
Email: IlaganJM@bsp.gov.ph

 31 August 2022

Amendments to Regulations on Reporting Governance Framework for Pawnshops

Atty. Alvie Marie L. Sojor-Mañaul
Email: Sojor-ManaulAL@bsp.gov.ph,

Copy furnished:
Mr. Victor C. Mojica
Email: VMojica@bsp.gov.ph, and

Ms. Gelina Joyce J. Serrano
Email: SerranoGJ@bsp.gov.ph

 26 August 2022

Amendments to foreign exchange (FX) regulations covering operational relief measures for FX transactions

Atty. Dennis A. Gamaya
Email: DGamaya@bsp.gov.ph,

Mr. Je-Al S. Burguillos
Email: BurguillosJS@bsp.gov.ph,

Mr. Joshua Elias Fred A. Suero
Email: SueroJA@bsp.gov.ph, and

Ms. Ana Teresa E. Lim
Email: LimAE@bsp.gov.ph

 4 August 2022

Guidelines on the Recovery Plan of Banks

Ms. Lualhati R. Caguiat
Email: lcaguiat@bsp.gov.ph,

Ms. Rhodora M. Brazil-De Vera
Email: rbrazil@bsp.gov.ph,

Ms. Carolyn S. Geroy
Email: geroycs@bsp.gov.ph, and

Ms. Pristine Grace B. Yorobe
Email: yorobepb@bsp.gov.ph

 15 July 2022

Guidelines on the Adoption of the Standard Business Loan Application Form

Mr. Rafael Augusto D. Cachuela
Email: cachuelard@bsp.gov.ph,

Mr. Jayson O. Iran
Email: iranjo@bsp.gov.ph, and

Mr. Mynard Bryan R. Mojica
Email: mojicamr@bsp.gov.ph

 15 July 2022

Amended Guidelines on Financial Consumer Protection to implement Republic Act (RA) No. 11765 or the Financial Products and Services Consumer Protection Act

Atty. Rowena C. Figueroa
Email: FigueroaRC@bsp.gov.ph, and

Ms. Leana C. Cerrero
Email: CerreroLC@bsp.gov.ph

 8 July 2022

Modified Minimum Capitalization of Conventional Banks with Islamic Banking Unit

Ms. Anna Lisa B. Atienza
Email: Aatienza@bsp.gov.ph, and

Atty. Noel P. Tianela
Email: Ntianela@bsp.gov.ph

 8 July 2022

Peso Real Time Gross Settlement System (RTGS) Rules

Atty. Marie Tanya Z. Recalde
Email: mrecalde@bsp.gov.ph

 3 June 2022

Guidelines on the Integration of Sustainability Principles in Investment Activities of Banks

Ms. Rhodora M. Brazil-De Vera
Email: rbrazil@bsp.gov.ph,

Ms. Cherryl Ofracio
Email: ofraciocd@bsp.gov.ph, and

Ms. Juvy Rosales
Email: RosalesJD@bsp.gov.ph

 1 June 2022

Amendments to the Minimum Capitalization of Rural Banks

Ms. Rhodora M. Brazil-De Vera
Email: rbrazil@bsp.gov.ph,

Ms. Rosalia C. Astorga
Email: rastorga@bsp,gov.ph, and

Mr. Hanzel T. Baluyut
Email: baluyutht@bsp.gov.ph

 6 May 2022

Amendments to the Prudential Guidelines on Large Exposures

Ms. Rhodora M. Brazil-De Vera
Email: rbrazil@bsp.gov.ph, and

Ms. Carolyn S. Geroy
Email: geroycs@bsp.gov.ph

 29 April 2022

Circular on Guidelines on Compensation and Per Diem of Trustees, Officers and Employees of Non-Stock Savings and Loan Associations (NSSLAs)

Mr. Mark Anthony E. Coloma
Email: ColomaME@bsp.gov.ph,

Cc: Mr. Roy A. Taguinod
Email: RTaguinod@bsp.gov.ph,

Ms. Ma. Hedelita E. Taas
Email: MTaas@bsp.gov.ph, and

Atty. Dorothy D. Vasquez
Email: VasquezDD@bsp.gov.ph

 25 March 2022

Mandatory Credit Allocation for Innovation Development

Ms. Rhodora M. Brazil-De Vera
Email: rbrazil@bsp.gov.ph,

Mr. Raymond SJ. Del Rosario
Email: rsdelrosario@bsp.gov.ph, and

Ms. Carolyn S. Geroy
Email: geroycs@bsp.gov.ph

 25 March 2022

Implementing Guidelines (IG) and its Annexes for Mergers, Consolidations, and Acquisitions (MCA) of Banks

MCA-Applications@bsp.gov.ph
Email: MCA-Applications@bsp.gov.ph,

Ms. Hazel C. Pajutagana
Email: HPajutagana@bsp.gov.ph,

Ms. Kemily A. Perito
Email: PeritoKA@bsp.gov.ph, and

Ms. Aileen Joy A. Josue
Email: JosueAA@bsp.gov.ph

 11 March 2022

Amendments to the Regulations on Electronic Money (e-money) and the operations of Electronic Money Issuers (EMI) in the Philippines

Ms. Maria Emelia Cube
Email: cubemp@bsp.gov.ph, and

Ms. Bernadette Bagtas
Email: bbagtas@bsp.gov.ph

 18 March 2022

Regulatory Sandbox Framework

Ms. Jovelyn Hao
Email: HaoJM@bsp.gov.ph, and

Mr. Kim Jayson Torda
Email: TordaKV@bsp.gov.ph

 28 February 2022

Guidelines on Digital Financial Marketplace Model

Ms. Rhodora M. Brazil-De Vera
Email: rbrazil@bsp.gov.ph, and

Ms. Erika Joy C. Valmonte
Email: valmonteec@bsp.gov.ph

 16 February 2022

Guidelines on the Settlement of Electronic Payments Under the National Retail Payment System (NRPS) Framework

Email: romerobm@bsp.gov.ph, and

Email: sebastiankr@bsp.gov.ph

 24 December 2021

Amendments to Unit Investment Trust Fund (UITF) Regulations

Ms. Reynalyn Punzalan
Email: punzalanrg@bsp.gov.ph, and

Ms. Nadia Lima
Email: nlima@bsp.gov.ph

 14 January 2022

Amendment of Licensing Prudential Criteria on the Grant of Licenses/Authorities and other Pertinent Regulations in view of the Adoption of the Supervisory Assessment Framework (SAFr)

Ms. Josephine K. Bansil
Email: BansilJK@bsp.gov.ph,

Ms. Maria Cecilia D. Beduya
Email: beduyamg@bsp.gov.ph, and

Ms. Rose-Shiela M. Malaluan
Email: malaluanrm@bsp.gov.ph

 17 December 2021

Proposed Amendments to the Regulations on Single Borrower’s Limit and Minimum Capitalization Requirement

Ms. Rhodora Brazil-De Vera
Email: rbrazil@bsp.gov.ph, and

Ms. Carolyn S. Geroy
Email: geroycs@bsp.gov.ph

 12 November 2021

Exposure Draft Memorandum on the Guidelines on Prominently Important Payment Systems (PIPS)

Ms. Susan T. Robles
Email: srobles@bsp.gov.ph

 15 October 2021

Prudential Requirements Applicable to Digital Banks

Ms. Rhodora Brazil-De Vera
Email: rbrazil@bsp.gov.ph, and

Ms. Joelyn P. Cuchapin
Email: CuchapinJP@bsp.gov.ph

 22 October 2021

Amendments to Section 921/921Q of the Manual of Regulations for Banks (MORB)/ Manual of Regulations for Non-Bank Financial Institutions (MORNBFI) - Enhancing the Guidelines on Electronic Know-Your-Customer (e-KYC)

Atty. Vernice Lauren S. Roman-Eustaquio
Email: ROMANVS@bsp.gov.ph,

Ms. Zoe A. Ferrer-Estrella
Email: ferrerza@bsp.gov.ph, and

Ms. Justine S. Arias
Email: ARIASJS@bsp.gov.ph

 12 October 2021

Guidelines on the Selection of and Minimum Disclosure Requirements on Benchmarks for Unit Investment Trust Funds

Ms. Christine Marie M. Liao
Email: LiaoCM@bsp.gov.ph, and

Ms. Corinne Josephine R. Palma
Email: CJRamos@bsp.gov.ph

 4 October 2021

Amendments to the Regulations on Miscellaneous Rules on Deposits

Atty. Vernice Lauren S. Roman-Eustaquio
Email: ROMANVS@bsp.gov.ph, and

Ms. Zoe A. Ferrer-Estrella
Email: ferrerza@bsp.gov.ph

 24 September 2021

Amendments to the Regulations on Foreign Currency Deposit System Phase 2

Mr. Ferdinand B. Mariscotes
email: fmariscotes@bsp.gov.ph, and

Ms. Andreliza S. Bartolome
email: bartolomeas@bsp.gov.ph

copy furnished Ms. Rosalia C. Astorga
email: rastorga@bsp.gov.ph

 31 August 2021

Amendments to the Regulations on the Internal Audit Function of a Trust Corporation

Ms. Reynalyn Punzalan
email: punzalanrg@bsp.gov.ph, and

Ms. Nadia Lima
email: nlima@bsp.gov.ph

 10 August 2021

Amendments to the Regulations on Confirmation of the Election/Appointment of Directors/Trustees/Officers

Ms. Teresita Arzaga
email: tarzaga@bsp.gov.ph,

Ms. Ellen Balot-Agravio
email: efbalot@bsp.gov.ph, and

Ms. Jackielou Ria Pradez
email: pradezjg@bsp.gov.ph

 9 July 2021

Guidelines for Reporting Islamic Banking and Finance Transactions/Arrangements

Ms. Anna Lisa B. Atienza
email: Aatienza@bsp.gov.ph, and

Atty. Noel P. Tianela
email: Ntianela@bsp.gov.ph

 12 July 2021

Amendments to the Regulations on Periodic Review of Existing Accounts

Ms. Reynalyn Punzalan
email: punzalanrg@bsp.gov.ph, and

Ms. Nadia Lima
email: nlima@bsp.gov.ph

 8 July 2021

Amendments to the Rules and Regulations on Bank Advertisements

Ms. Rhodora Brazil-De Vera
email: rbrazil@bsp.gov.ph, and

Ms. Joelyn P. Cuchapin
email: CuchapinJP@bsp.gov.ph

 28 June 2021

Amendments to Unit Investment Trust Fund (UITF) Regulations

Ms. Reynalyn Punzalan
email: punzalanrg@bsp.gov.ph, and

Ms. Nadia Lima
email: nlima@bsp.gov.ph

 23 June 2021

Amendments to Regulations on Outsourcing and IT Risk Management

Ms. Charmaine Pinlac
email: pinlaccm@bsp.gov.ph, and

Mr. Kenneth Paolo Gonzales
email: gonzaleskp@bsp.gov.ph

 21 June 2021

Circular on Environmental and Social Risk Management Framework

Ms. Claire Jellyn Garcia
email: GarciaCC@bsp.gov.ph, and

Ms. Louvie Africa
email: lafrica@bsp.gov.ph

Copy furnished Ms. Mary Ann Cube
email: mcube@bsp.gov.ph, and

Ms. Cherryl Ofracio
email: ofraciocd@bsp.gov.ph

 31 May 2021

Circular on the Implementation of the FIST Act

Ms. Maria Cynthia M. Sison
email: msison@bsp.gov.ph

Ms. Kristin D. Soriano
email: KSoriano@bsp.gov.ph

Ms. Bernadett V. Operana
email: OperanaBV@bsp.gov.ph

 8 March 2021

MAB on the Prudential Treatment of Transactions under the FIST Act

Ms. Maria Cynthia M. Sison
email: msison@bsp.gov.ph

Ms. Kristin D. Soriano
email: KSoriano@bsp.gov.ph

Ms. Bernadett V. Operana
email: OperanaBV@bsp.gov.ph

 8 March 2021

MAB on the Guidelines for Obtaining a Certificate of Eligibility (COE) under the FIST Act

Ms. Anna Camille L. Tan
email: TanAL@bsp.gov.ph

Ms. Catherine H. Buaquina
email: BuaquinaCH@bsp.gov.ph

Ms. Myra F. Flores-Dagdagan
email: mflores@bsp.gov.ph

 8 March 2021

Proposed Amendments to the Policy on the Transfer of Significant Ownership

Atty. Noel P. Tianela
email: NTianela@bsp.gov.ph

Mr. Arnel Jeffrey N. Ricafort
email: RicafortAN@bsp.gov.ph

 22 January 2021

Regulatory Reporting Standards for Operators of a Payment System (OPS)

psod@bsp.gov.ph
email: psod@bsp.gov.ph

Mr. Jan Marlon A. Evangelista
email: EvangelistaJA@bsp.gov.ph

 29 January 2021

Governance Policy Guidelines for Operators of a Payment System

Mr. Jan Marlon A. Evangelista
email: EvangelistaJA@bsp.gov.ph

 15 January 2021

Adoption of the Principles for Financial Market Infrastructures

Ms. Anna Lissa T. Racines
email: RacinesALT@bsp.gov.ph

 15 January 2021

Amendments to Foreign Exchange Regulations

Ms. Myrlani V. Flordeliza
email: MVelvez@bsp.gov.ph

Ms. Joan Lein D. Morales
email: MoralesJG@bsp.gov.ph

and

Mr. Je-Al S. Burguillos
email: BurguillosJS@bsp.gov.ph

 23 December 2020

Draft Circular on Open Finance

Ms. Roselle H. De Roxas
email: DeRoxasRH@bsp.gov.ph

and

Mr. Anatoly Gusto
email: GustoAD@bsp.gov.ph

 23 December 2020

Amendments to Regulations on the Open Foreign Exchange Position of Banks

Ms. Cristina M. Garcia
email: CGarcia@bsp.gov.ph

Ms. Christine Marie M. Liao
email: LiaoCM@bsp.gov.ph

and

Mr. Raymond P. Lim
email: LimRP@bsp.gov.ph

 11 December 2020

Guidelines on the Management of Liquidity Risk by Islamic Banks and Islamic Banking Units

Mr. Nur-Warith Caluang
email: caluangNH@bsp.gov.ph

Ms. Maria Luisa O. Nieva
email: mnieva@bsp.gov.ph

Atty. Winnie Claire L. Jamoner
email: jamonerwl@bsp.gov.ph

and

Atty. Noel P. Tianela
email: ntianela@bsp.gov.ph

 04 December 2020

Note on the FSS’ Framework on the Publication of Administrative Enforcement Actions and Criminal Cases against BSP-Supervised Financial Institutions (BSFIs)

Atty. Marie Tanya Z. Recalde
email: mrecalde@bsp.gov.ph

and

Ms. Maria Cynthia M. Sison
email: msison@bsp.gov.ph

 18 November 2020

Amendments on Securities Custodianship Operations

Ms. Andreliza S. Bartolome
email: bartolomeas@bsp.gov.ph

and

Atty. Noel P. Tianela
email: ntianlea@bsp.gov.ph

 30 October 2020

Amendments to the Manual of Regulations for Non-Bank Financial Institutions –N Regulations

Ms. Marisol De Villa-Go
email: mdevilla-go@bsp.gov.ph

copy furnish

Ms. Thea Josefina Natalia Santos
email: tsantos@bsp.gov.ph

 19 October 2020

Guidelines on the Establishment of Digital Banks

Annex

Ms. Rhodora Brazil-De Vera
email: rbrazil@bsp.gov.ph

Ms. Joelyn P. Cuchapin
email: CuchapinJP@bsp.gov.ph

and

Ms. Joanne Cortez
email: CortezJT@bsp.gov.ph

 12 October 2020

Amendments on Operational Risk Management and Internal Control Measures

Ms. Lorna L. dela Cruz-Sombe
email: SombeLD@bsp.gov.ph

Mr. Alvin D. Gamat
email: AGamat@bsp.gov.ph

and

Mr. Romelito V. Pasol
email: RPasol@bsp.gov.ph

 09 October 2020

Transfer of Significant Ownership

Atty. Noel P. Tianela
email: NTianela@bsp.gov.ph

and

Mr. Arnel Jeffrey N. Ricafort
email: RicafortAN@bsp.gov.ph

 09 October 2020

Feedback submission:

The BSP welcomes written comments and suggestions to enhance the exposure draft. Kindly e-mail the respective policy officers, whose names are indicated corresponding to each exposure draft. Due dates of feedback submission are likewise provided.