FOR :ALL MEMBER-BANKS

FROM :SUZANNE I. FELIX, Executive Director

DATE :January 4, 2012

SUBJECT : BSP CIRCULARS/MEMORANDA ISSUED FOR THE YEAR 2011

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Hereunder is a list of BSP circulars/memoranda issued for the period January 5, 2011 to December 28, 2011:

Circulars:

Number / Date / Subject
744 / 12.28.2011 / Amendments to Annex A of Circular No. 694 to Include Microfinance Plus in the Types of Microfinance Loans
743 / 12.15.2011 / Prescriptive Period for Filing of Requests for Registration with the Bangko Sentral ng Pilipinas of Foreign Direct Investments
742 / 11.21.2011 / Amendments to Foreign Exchange Regulations
741 / 11.17.2011 / Guidelines on Temporary Window for the purchase of foreign exchange (FX) to service unregistered private sector foreign loans
740 / 11.16.2011 / Amendment of Appendix 46 (Guidelines to Incorporate Market Risk in the Risk-Based Capital Adequacy Framework) of the Manual of Regulations for Banks (MORB)
739 / 10.26.2011 / Amendment of Item 18 of Subsection X162.3 of the Manual of Regulations for Banks to include Onsite Automated Teller Machines (ATMs) in the Outsourcing function among the services that banks may outsource to third party service providers
738 / 10.11.2011 / Treatment of Securities Offered and Accepted in Tender Offers Pursuant to Liability Management Transactions of the Republic of the Philippines
737 / 09.19.2011 / Amendments to the Regulations Requiring the Submission of the Report on the Sworn Statement on Real Estate/Chattel Transactions
736 / 07.20.2011 / Rules and Regulations on the mandatory credit allocation for agriculture and agrarian reform credit
735 / 08.16.2011 / Amendment of Section X267 of the Manual of Regulations for Banks removing the restriction on the itinerary of mobile ATMs
734 / 08.16.2011 / Amendment to the Regulations on Single Borrower's Limit
733 / 08.05.2011 / Philippine Financial Reporting Standards 9
732 / 08.03.2011 / Increase in Statutory/Legal Reserve Requirements of Peso Deposit Liabilities and Deposit Substitutes
731 / 07.28.2011 / Internal Capital Adequacy Assessment Process (ICAP) and Supervisory Review Process (SRP) for Foreign Bank Branches
730 / 07.20.2011 / Updated Rules Implementing the truth in Lending Act to Enhance Loan Transaction Transparency
729 / 07.08.2011 / Memorandum of Understanding (MOU) entered into between the Bangko Sentral ng Pilipinas (BSP) and the Board of Directors of banks initiated to the Prompt Corrective Action (PCA) framework
728 / 06.23.2011 / Phased Lifting of Branching Restriction in the Eight (8) "Restricted Areas" of Metro Manila
727 / 06.23.2011 / Amendment to the Guidelines on Branching and Voluntary Closure/Sale/Acquisition of Branches/Other Banking Offices
726 / 06.27.2011 / Increase in Statutory/Legal Reserve Requirements of Peso Deposit Liabilities and Deposit Substitutes
725 / 06.16.2011 / Amendments to the MOR for Banks to Address Risks on Relationships Between Banks and Their Related Microfinance NGOs/Foundations and to Classify Deposits of Clients of NGOs/Foundations Maintained with Related Lending Bank as Non-Risk Asset
724 / 06.13.2011 / Revised Definition of Socialized and Low-Cost Housing
723 / 05.26.2011 / Amendment of Subsection X162.3 of the Manual of Regulations for Banks to include Automatic Teller Machine (ATM) servicing for offsite ATMs among the services that banks may outsource to third party service providers
722 / 05.17.2011 / Amendments to the regulations on banks accredited as collection agents of the Social Security System (SSS)
721 / 05.13.2011 / Amendments to the Manual of Regulations for Banks (MORB) and Manual of Regulations for Non-Bank Financial Institutions (MORNBFI) on the Exemption of Certain Trust/Other Fiduciary Accounts from the Client Suitability Assessment (CSA) Requirement
720 / 05.06.2011 / Amendments to the guidelines on the retention and disposal of records/documents of rural and cooperative banks
719 / 05.06.2011 / Guidelines on Receivership and Liquidation Proceedings of Non-Banks with Quasi-Banking Functions (NBQBs) and Trust Entities
718 / 04.26.2011 / Transactions Involving Voting Shares of Stock
717 / 03.25.2011 / Risk weight of credit exposures guaranteed by the LGU Guarantee Corporation (LGUGC); and Treatment of guarantees under the risk-based capital adequacy framework of stand-alone thrift banks, rural banks and cooperative banks
716 / 03.25.2011 / Amendment of the Risk-Based Capital Adequacy Framework for Banks/Quasi-Banks on the Definition of Qualifying Capital Instruments
715 / 03.04.2011 / Minimum Capital Requirement for Thrift Banks
714 / 03.10.2011 / Securities Custodianship Operations
713 / 02.14.2011 / Risk weighting of bank loans to the extent guaranteed by the Agricultural Guarantee Fund Pool (AGFP)
712 / 02.09.2011 / Amendment to Regulations on Single Borrower's Limit
711 / 01.28.2011 / Amendments to the Manual of Regulations for Non-Bank Financial Institutions - Pawnshops (Circular No. 656 dated 2 June 2009)
710 / 01.19.2011 / Trust Corporation
709 / 01.10.2011 / Amendment of the Risk-Based Capital Adequacy Framework for Banks/Quasi-Banks on the Definition of Qualifying Capital Instruments
708 / 01.10.2011 / Guidelines on the adoption of PFRS 9
707 / 01.07.2011 / Amendments to Circular No. 359 so as to allow the regular banking unit of Thrift Banks to invest in readily marketable foreign currency denominated debt instruments
706 / 01.05.2011 / Updated Anti-Money Laundering Rules and Regulations

Memoranda:

Number / Date / Subject
M-2011-066 / 12.15.2011 / MB Resolution No. 1850 dated 15 December 2011 Placement of the Rural Bank of Calubian (Leyte), Inc. under Receivership
M-2011-065 / 12.15.2011 / MB Resolution No. 1849 dated 15 December 2011 Placement of the Rural Bank of Jordan (Iloilo), Inc. under Receivership
M-2011-064 / 12.15.2011 / Guidelines on the Electronic Submission of the Report on Compliance with the Mandatory Agri Agra Credit under R.A. No. 10000 and the updated FRP report
M-2011-063 / 12.14.2011 / ATM Availability and Security against ATM Fraud
M-2011-062 / 12.13.2011 / Amendment of the Reporting Template of the Revised Risk-Based Capital Adequacy Framework pursuant to Circular No. 740 dated 16 November 2011
M-2011-061 / 12.01.2011 / Transfer of BSP Kalibo Branch to its new location at Arnaldo Blvd., Baybay, Roxas City
M-2011-060 / 11.24.2011 / MB Resolution No. 1735 dated 24 November 2011 - Placement of the Rural Bank of Angadanan (Isabela), Inc. under Receivership
M-2011-059 / 11.22.2011 / Electronic Primary Entry Book (EPEB) Entry/Ref. No. as Evidence of Registration/Cancellation of Mortgage Instruments/Encumbrance or Lien
M-2011-058 / 11.18.2011 / Disclosure of Ultimate Beneficial Owners of Bank Shares Held in the name of PCD Nominee Corporation (PCDNC)
M-2011-057 / 11.17.2011 / MB Resolution No. 1702 dated 17 November 2011 - Placement of the Rural Bank of Valencia (Negros Oriental), Inc. under Receivership
M-2011-056 / 11.10.2011 / Regulatory Relief for Banks Affected by Tropical Storm "Pedring"
M-2011-055 / 10.17.2011 / Regulatory Relief for Banks Affected by Typhoon "Mina"
M-2011-054 / 10.06.2011 / Guidelines on the Electronic Submission of the Original and the Revised Risk-Based Capital Adequacy Ratio (CAR) Reports
M-2011-053 / 09.22.2011 / MB Resolution No. 1412 dated 22 September 2011: Placement of the Rural Bank of Mawab (Davao), Inc. under Receivership
M-2011-052 / 09.16.2011 / Amendments to Prudential Reports Relative to the Implementation of the Mandatory Agrarian Reform and Agricultural Credit under R.A. No. 10000
M-2011-052 / 09.16.2011 / Amendments to Prudential Reports Relative to the Implementation of the Mandatory Agrarian Reform and Agricultural Credit under R.A. No. 10000
M-2011-051 / 09.09.2011 / MB Resolution No. 1355 dated 09 September 2011- Placement of the Rural Bank of Mabini (Batangas), Inc. under Receivership
M-2011-050 / 09.09.2011 / MB Resolution No. 1354 dated 09 September 2011 Placement of the LBC Development Bank under Receivership
M-2011-049 / 09.07.2011 / One-year Deferment of the lmplementation of the Originator Information Requirement under Subsec. X806.2.i(e) of Circular No. 706 dated 5 January 2011
M-2011-048 / 08.26.2011 / Guidelines on the Submission of Reports Relative to the Early Adoption of PFRS 9
M-2011-047 / 08.19.2011 / Segregation of Securities Brokering, Dealership and Underwriting Activities
M-2011-046 / 08.18.2011 / MB Resolution No. 1238 dated 18 August 2011: Placement of the Rural Bank of Indang (Cavite), Inc., - also representing itself as First Reliance Bank, under Receivership
M-2011-045 / 08.16.2011 / Extension of Tlme to Submit the Sworn Certification on the Revised and Updated Money Laundering and Terrorist Financing Prevention Program (MLPP)
M-2011-044 / 08.16.2011 / Cancellation of Trust License of Insular Investment and Trust Corporation
M-2011-043 / 08.12.2011 / Regulatory Relief for Banks Affected by Tropical Storm "Juaning"
M-2011-042 / 07.29.2011 / MB Resolution No. 1123 dated 29 July 2011: Placement of the Rural Bank of Tarlac, Inc. (RB Tarlac) under Receivership
M-2011-041 / 07.29.2011 / MB Resolution No. 1122 dated 29 July 2011: Placement of the Bank of Calape (Savings and Mortgage Bank) under Receivership
M-2011-040 / 07.28.2011 / Effective Interest Rate Calculation Models for all Types of Loans
M-2011-039 / 07.21.2011 / MB Resolution No. 1078 dated 21 July 2011: Placement of the Rural Bank of Garcia-Hernandez (Bohol), Inc. under Receivership
M-2011-038 / 07.14.2011 / MB Resolution No. 1034 dated 14 July 2011: Placement of the Rural Bank of Matanao (Davao del Sur), Inc. under Receivership
M-2011-037 / 07.07.2011 / MB Resolution No. 987.B dated 07 July 2011: Placement of the Express Savings Bank, Inc. (Express Bank) under Receivership
M-2011-036 / 07.05.2011 / Criteria for Acceptability of Free Patent as Underlying Collateral for Loans Offered for Rediscounting with the BSP
M-2011-035 / 06.23.2011 / Updated Definition of Socialized and Low-Cost Housing under Section 1397 of the Manual of Regulations for Banks
M-2011-034 / 06.17.2011 / MB Resolution No. 873 dated 17 June 2011 - Placement of the Mambajao Community Rural Bank, Inc. under Receivership
M-2011-033 / 06.15.2011 / General Governance Principles and Standards on Relationships Between Banks and Their Related Non-Governmental Organizations (NGOs)/Foundations
M-2011-032 / 06.06.2011 / Guidance for the Implementation of Circular 694 on the Establishment of Other Banking Offices and Notes on Microfinance
M-2011-031 / 06.02.2011 / MB Resolution No. 803 dated 02 June 2011 - Placement of the Rural Bank of Pres. Roxas (North Cotabato), Inc. under Receivership
M-2011-030 / 06.03.2011 / Imposition of service charges and maintenance fees on deposit accounts falling below the minimum average daily balance (ADB)
M-2011-029 / 05.26.2011 / Collection of the Annual Supervisory Fees (ASF) for the Year 2011
M-2011-028 / 05.26.2011 / Guidelines on the Submission of the Updated Report on Non-Deliverable Forward (NDF) Transactions
M-2011-027 / 05.25.2011 / Guidance for the Implementation of Circular 683 on the Marketing, Sale and Servicing of Microinsurance Products
M-2011-026 / 05.05.2011 / Termination of the Libyan Dinar Currency Exchange Facility
M-2011-025 / 04.20.2011 / Reminder of the Implementation of the Philippine Cooperative Code of 2008 (R.A. 9520) and Circular 682 dated 15 February 2010
M-2011-024 / 04.15.2011 / MB Resolution No. 489 dated 31 March 2011 - Withdrawal of Trust License of Multinational Investment Bancorporation (MIB)
M-2011-023 / 04.07.2011 / MB Resolution No. 515.A dated 07 April 2011 - Placement of the Rural Bank of Nabas (Aklan), Inc. under Receivership
M-2011-022 / 04.07.2011 / MB Resolution No. 514 dated 07 April 2011 - Placement of the Rural Bank of Tagudin (Ilocos Sur), Inc. under Receivership
M-2011-021 / 03.31.2011 / MB Resolution No. 454 dated 31 March 2011 - Placement of the Rural Bank of Tampakan (South Cotabato), Inc. under Receivership
M-2011-020 / 03.30.2011 / Revised Regulatory Treatment of Investments of Banks in RP Global Peso Notes
M-2011-019 / 03.29.2011 / Transitory Provision under Circular No. 694, dated October 2010, on the Establishment of Other Banking Offices (OBOs)
M-2011-018 / 03.25.2011 / MB Resolution No. 414 dated 25 March 2011 - Placement of the Rural Bank of Agno (Pangasinan), Inc. under Receivership
M-2011-017 / 03.18.2011 / Guidelines on Real Estate Properties Covered by Section 7 of R.A. No. 26 Offered as Collateral for Loans with the BSP
M-2011-016 / 03.17.2011 / MB Resolution No. 372-A dated 17 March 2011 - Placement of the Banco Filipino Savings and Mortgage Bank under Receivership
M-2011-015 / 03.18.2011 / Reminder on the Proper Offering of Microinsurance Services
M-2011-014 / 03.07.2011 / Submission of Certification on Monitoring Compliance with existing Anti-Money Laundering (AML) Regulations for all Banks is no longer required
M-2011-013 / 03.03.2011 / MB Resolution No. 293A dated 03 March 2011: Placement of the Growers Rural Bank (GRB), Inc. under Receivership
M-2011-012 / 03.03.2011 / Currency Exchange Facility for Libyan Dinar for Overseas Filipino Workers Evacuated from Libya
M-2011-011 / 02.28.2011 / Reminder on the Discontinuance of Submission of Various Reports to the DES
M-2011-010 / 02.17.2011 / MB Resolution No. 220 dated 17 February 2011 - Placement of the Rural Bank of Manjuyod (Negros Oriental), Inc. under Receivership
M-2011-009 / 02.03.2011 / MB Resolution No. 183 dated 03 February 2011 - Placement of the GMA Rural Bank of Cavite, Inc. (GMAC) under Receivership
M-2011-008 / 02.03.2011 / MB Resolution No. 146 dated 03 February 2011 - Placement of the Rural Bank of Bingawan (Iloilo), Inc. under Receivership
M-2011-007 / 02.04.2011 / Regulatory and Rediscounting Relief for the Banks Affected by Landslides and Flooding in Region IV-B, V, VI, VII, VIII, X, XI, XII, CARAGA, and ARMM
M-2011-006 / 02.03.2011 / Reminder Against the Use of Pirated Products
M-2011-005 / 01.27.2011 / MB Resolution No. 105 dated 27 January 2011 - Placement of the Rural Bank of Mapandan (Pangasinan), Inc. Under Receivership
M-2011-004 / 01.27.2011 / MB Resolution No. 104 dated 27 January 2011 - Placement of the Rural Bank of Norzagaray, Inc. Under Receivership
M-2011-003 / 01.27.2011 / MB Resolution No. 103 dated 27 January 2011 - Placement of the Rural Bank of Zapote (Las Pinas), Inc. Under Receivership
M-2011-002 / 01.13.2011 / MB Resolution No. 34 dated 13 January 2011 - Placement of the Ibalon Rural Bank (Tabaco, Albay), Inc., under Receivership
M-2011-001 / 01.13.2011 / MB Resolution No. 33 dated 13 January 2011 - Placement of the Rural Bank of Baler (Aurora), Inc. under Receivership

For complete details of the BSP Circulars/Memoranda, please refer to the Bangko Sentral ng Pilipinas’ website (