BSP Circular Letter (14 October 2003)
BSP CIRCULAR LETTER, October 14, 2003
(NAR) VOL. 14 NOS. 3-4 / JULY-DECEMBER 2003
[ BSP CIRCULAR LETTER, October 14, 2003 ]
25% FEE-BASED INCOME REQUIREMENT FOR INVESTMENT HOUSES
The Monetary Board, in its Resolution No. 1439 dated 2 October 2003, approved the setting aside of the 25% fee-based income requirement for investment houses. For information. Adopted: 14 Oct. 2003
(SGD.) ALBERTO V. REYES Deputy Governor