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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 Amended by R.A. No. 11211

25 Mar 2024

This Accounting Alert is issued to circulate Bangko Sentral ng Pilipinas (BSP) Circular No. 1190 dated February 29, 2024 which discusses the revisions on the computation of Annual Supervisory Fees (ASF) of BSP Supervised Financial Institutions (BSFIs).

Guidelines on the Philippine Sustainable Finance Taxonomy

25 Mar 2024

This Accounting Alert is issued to circulate Bangko Sentral ng Pilipinas (BSP) Circular No. 1187 dated February 21, 2024, and Securities and Exchange Commission (SEC) Memorandum Circular No. 5-2024 dated February 23, 2024, which both discuss the "Philippine Sustainable Finance Taxonomy Guidelines (SFTG)".

Updated Manual of Regulations for Banks (MORB) and Non-Bank Financial Institutions (MORNBFI) as of 31 December 2021

20 Mar 2024

This Accounting Alert is issued to circulate BSP Circular No. 1189 dated February 8, 2024 which summarizes the amendments to the MORB and MORNBFI.

Amendments to Persons Exempted from Attending Seminar on Corporate Governance for Board of Directors

18 Mar 2024

This Accounting Alert is issued to circulate BSP Circular No. 1188 dated February 1, 2024.

Securing & Expanding Capital for PowerGen Operators & Wholesale Electricity & Retail Services

11 Mar 2024

Republic Act (RA) No. 9136, otherwise known as the "Electric Power Industry Reform Act of 2001 (EPIRA) provides that it is the policy of the State to enhance the inflow of private capital and broaden the ownership base of the power generation, transmission and distribution sectors. The said law also requires generation companies and distribution utilities which are not publicly listed to offer and sell to the public a portion of not less than fifteen percent (15%) of their common shares of stock.