BSP Circular No. 1190 (2024)

Py) BANGKO SENTRAL NG PILIPINAS

OFFICE OF THE GOVERNOR

Cl RCU LAR NO. 1190 a

Series of 2024

Subject: Revised Guidelines in the Computation of Annual Supervision Fee under Section 28 of the Republic Act (R.A.) No. 7653 or “The New ~-- Central Bank Act” as s Amended by R. A. No. nan

The Monetary Board, in its Resolution No. 253 dated 29 February 2024 approved the amendments to the Manual of Regulations for Banks (MORB) and Manual of Regulations for Non-Bank Financial Institutions (MORNBFI) revising the computation of Annual Supervisory Fees (ASF) of BSP Supervised a -- ee a Financial Institutions (BSFls) under Section 28 of Republic Act (R. A. ) No. 7653 ot mak . as amended by R.A. No. 11211 or “The New Central Bank Act’.

Section 1. Sec. 1101 of the MORB is hereby amended to read as follows: XXX

Annual fees on banks. Pursuant to Section 28 of Republic Act (R.A.) No. orl. AI. oO ee Pe Awan Pars alnwwtb.. A AP TIA Meri. LWT Ww. 7653, ‘The New Central Bank Act” as amended by R.A. No. 11211, BSFls shall pay to the Bangko Sentral not later than May 31 of each year, an annual supervision fee as may be determined by the Monetary Board. For this purpose, the annual supervision fee shall be computed based on the bank’s “Total Assessable Assets”, which shall refer to total assets (end- of- month total assets per balance sheet, after deducting cash on hand, amounts due from banks, including the Bangko Sentral and banks abroad, and investment in national government (NG) securities), plus assets under management of the Trust Department of a bank.

XXX

Section 2. Sec. 1101-Q of the MORNBEFI likewise, is hereby amended to read as follows:

XXX

Pursuant to Section 28 of Republic Act (R.A.) No. 7653 “The New Central Bank Act” as amended by R.A. No. 11211, BSFls shall pay to the Bangko Sentral not later than May 31 of each year, an annual supervision fee as may be determined by the Monetary Board. For this purpose, the annual supervision fee shall be computed based on the QB’s “Total Assessable Assets”, which shall refer to total assets (end-of-quarter total assets per balance sheet, after deducting cash on hand, amounts due from banks, including the Bangko Sentral and banks abroad, and investment in national government (NG) securities), plus assets under management of the Trust Department of a non-bank with quasi-banking license.

XXX

Page 1 of 2

Page 2 of 2

Section 3. This Circular shall take effect immediately upon its publication either in the Official Gazette or in a newspaper of general circulation.

FOR THE MONETARY BOARD:

ELI M. REMOLONA, JR.

Governor

___ March 2024 12

Digitally signed by Eli M. Remolona Jr. Date: 2024.03.12 16:35:21 +08'00'