BSP seeks scrutiny of trust entities

Quick Summary:

THE Bangko Sentral ng Pilipinas (BSP) has prescribed periodic administrative and investment account reviews for trust entities nationwide.

Trust entities are expected to make appropriate changes to their policies, processes, and procedures within one a I year from effectivity of this,” it added.

Based on BSP Circular 1204 (series of 2024), the Monetary Board approved the amendment to Appendix 86 of the Manual of Regulations for Banks (MORB) and Appendix Q-49 of the Manual of Regulations for Non-Bank Financial Institutions (MORNBFl).

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Cai U. Ordinario

Category: BusinessStartups

Markets: Philippines

Topics: Entities Accounts Account Trust Administrative Review Investment Must Regulations Reviews Circular

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-12 @ 12:56:38 (1 days ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 636 words

Reading Time: 4 minutes read

Sentences: 23 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 23554303

View Article Analysis

About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 9 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 9 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #37

Publisher Details

Frequently Asked Questions