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Updated Fines and Penalties on the Late and Non-submission of AFS, GIS, and Non-compliance with SEC MC 28-2020

08 Apr 2024

This Accounting Alert is issued to circulate Securities and Exchange Commission (SEC) Memorandum Circular (MC) No. 6-2024 dated March 27, 2024, which covers the updated fines and penalties on the late and non-submission of audited financial statements (AFS), General Information Sheet (GIS), and non-compliance with SEC MC 28-2020.

Creation of Manual of Regulations for Payment Systems (MORPS)

26 Mar 2024

This Accounting Alert is issued to circulate Bangko Sentral ng Pilipinas (BSP) Circular No. 1191 dated March 14, 2024 which discusses the manual of regulations for payment systems (MORPS).

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.