Revised Guidelines on the Submission of the Annual Report of Banks and QBs
On March 31, 2017, the Bangko Sentral ng Pilipinas (BSP) issued Memorandum No. M-2017-011, which outlines revised guidelines for the submission of annual reports by banks and quasi-banks (QBs). This memorandum follows the Monetary Board's Resolution No. 461, which mandates updates to the Annual Report Assessment Checklist (ARAC) to ensure compliance with new disclosure requirements. The revised templates for the ARAC apply to various types of banks and QBs, including universal, commercial, thrift, rural, and cooperative banks. All banks and QBs are required to adhere to these updated guidelines starting with the financial year 2017.
Law Information
- Reference Number
- BSP Memorandum No. M-2017-011
- Date Enacted
- Category
- Other Rules and Procedures
- Subcategory
- Banks and Banking
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
March 31, 2017
BSP MEMORANDUM NO. M-2017-011
| TO | : | All Banks and Quasi-Banks (QBs) |
| SUBJECT | : | Revised Guidelines on the Submission of the Annual Report of Banks and QBs |
The Monetary Board (MB), in its Resolution No. 461 dated 16 March 2017, approved the issuance of the revised guidelines on the submission of the annual reports of banks and QBs pursuant to Subsections X190.6 and 4190Q.6 of the Manual of Regulation for Banks (MORB) and Manual of Regulations for Non-Bank Financial Institutions (MORNBFI), respectively.
Consequently, the Annual Report Assessment Checklist (ARAC) is hereby amended to align it with the revised disclosure requirements of the Annual Report. The revised reportorial template for ARAC for financial year 2017 and onwards is shown in Annexes "A" to "D".
For strict compliance.
(SGD.) NESTOR A. ESPENILLA, JR.
Deputy Governor
ANNEX A
Annual Report Assessment Checklist
ANNEX B
Annual Report Assessment Checklist
ANNEX C
Annual Report Assessment Checklist
ANNEX D
Annual Report Assessment Checklist
Cite This Law
Revised Guidelines on the Submission of the Annual Report of Banks and QBs, BSP Memorandum No. M-2017-011, Mar 31, 2017 (Philippines)
Revised Guidelines on the Submission of the Annual Report of Banks and QBs, BSP Memorandum No. M-2017-011 (Phil. 2017)
Related Laws
- Amendments to the Guidelines on the Submission of Annual Reports and the Sanctions to be Imposed for Non-Disclosure of Relevant InformationBSP Circular No. 956-17 • Apr 17, 2017 • Other Rules and Procedures
- Guidelines on the Electronic Submission of the Report on Repurchase Agreements of Banks/Quasi-Banks (REPO Report)BSP Memorandum No. M-2017-021 • Jul 12, 2017 • Other Rules and Procedures
- Implementation of the Revised BOI Form S-1 (Annual Report) and Guidelines for Submission of Reporting RequirementsBOI Memorandum Circular No. 2017-003 • Other Rules and Procedures
- Guidelines on the Electronic Submission of the Report on Inventory of Bank Network (IBN)BSP Memorandum No. M-2018-016 • Apr 17, 2018 • Other Rules and Procedures
- Revised Guidelines on the Imposition of Monetary Penalties on Bangko Sentral ng Pilipinas-Supervised Financial Institutions, Their Directors/Trustees and/or Officers for Violations with Sanctions Falling under Section 37 of Republic Act No. 7653 (The New Central Bank Act) and Other Applicable LawsBSP Circular No. 988-17 • Dec 20, 2017 • Other Rules and Procedures
- Guidelines for the Conduct of the Annual Report 2014BI Memorandum Circular No. SBM-13-002 • Dec 12, 2013 • Other Rules and Procedures
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