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  • Article

    BSP Amends UITF Regulations

    UITFs refer to an open-ended pooled trust funds denominated in pesos or any acceptable currency, which are operated and administered by a trust entity ("TE") and made available by participation.
    PhilippinesFinance and Banking
    SyCip Salazar Hernandez & Gatmaitan
    SyCip Salazar Hernandez & Gatmaitan
  • Article

    Department Of Finance Issues New Regulation To Implement Republic Act No. 11635

    If the 50% threshold is breached, the applicable income tax rate is the 25% regular corporate income tax rate.
    PhilippinesTax
    SyCip Salazar Hernandez & Gatmaitan
    SyCip Salazar Hernandez & Gatmaitan
Article

FAQs: Rules On Sustainable Finance

BSP Circular No. 1085 defines "E&S risk" as potential financial, legal, and/or reputational negative effect of environmental and social issues on the bank.
PhilippinesFinance and Banking
SyCip Salazar Hernandez & Gatmaitan
SyCip Salazar Hernandez & Gatmaitan
  • Article

    SyCipLaw Special Projects Group – Tech Law Briefing November 2025

    This briefing sets out a round-up of certain key developments in Philippine technology law in the first three quarters of 2025 and a general situationer on AI use regulation.
    PhilippinesTechnology
    SyCip Salazar Hernandez & Gatmaitan
    SyCip Salazar Hernandez & Gatmaitan
  • Article

    Duties And Responsibilities Of Financial Service Providers And The Rights Of Financial Consumers

    The government passed Republic Act (RA) No. 11765, otherwise known as Financial Products and Services Consumer Protection Act, to ensure that appropriate mechanisms are in place to protect...
    PhilippinesFinance and Banking
    Napiere Abueg Ragsac & Partners
    Napiere Abueg Ragsac & Partners
  • Article

    BSP Issues Implementing Regulations Of Financial Consumer Protection Act

    On 28 November 2022, Bangko Sentral ng Pilipinas (the Philippine Central Bank or "BSP") issued Circular No. 1160, series of 2022 (link here) and adopted the Amended Regulations and Guidelines...
    PhilippinesFinance and Banking
    SyCip Salazar Hernandez & Gatmaitan
    SyCip Salazar Hernandez & Gatmaitan
  • Article

    BSP Issues Implementing Rules Of Financial Consumer Protection Act

    On 28 November 2022, the Bangko Sentral ng Pilipinas (the Philippine Central Bank or "BSP") issued Circular No. 1160, series of 2022 (link here) and adopted the Amended Regulations...
    PhilippinesFinance and Banking
    SyCip Salazar Hernandez & Gatmaitan
    SyCip Salazar Hernandez & Gatmaitan
  • Article

    NPC Amends Guidelines On Processing Data For Loan Transactions

    On 14 September 2020, the National Privacy Commission ("NPC") issued Circular No. 20-01 setting forth the guidelines on the processing of personal data for loan-related transactions.
    PhilippinesFinance and Banking
    SyCip Salazar Hernandez & Gatmaitan
    SyCip Salazar Hernandez & Gatmaitan
  • Article

    BSP Approves Regulatory Sandbox Framework

    On 5 September 2022, and in line with its policy of enabling responsible innovation to promote the development of an inclusive digital financial ecosystem, the Bangko Sentral ng Pilipinas ("BSP") issued...
    PhilippinesFinance and Banking
    SyCip Salazar Hernandez & Gatmaitan
    SyCip Salazar Hernandez & Gatmaitan
  • Article

    BSP Amends Rules On Mandatory Development Financing

    On June 9, 2023, the Monetary Board of the Bangko Sentral ng Pilipinas ("BSP") issued Circular No. 1174, amending the implementing regulations of the mandatory agricultural, fisheries...
    PhilippinesFinance and Banking
    SyCip Salazar Hernandez & Gatmaitan
    SyCip Salazar Hernandez & Gatmaitan
  • Article

    BSP Issues Rules On Consumer Assistance And Mediation/Adjudication Of Cases

    On March 24, 2023, the Bangko Sentral ng Pilipinas ("BSP") issued Circular No. 1169 providing for the Rules of Procedure for the Consumer Assistance Mechanism, Mediation and Adjudication of Cases in the BSP.
    PhilippinesLitigation, Mediation & Arbitration
    SyCip Salazar Hernandez & Gatmaitan
    SyCip Salazar Hernandez & Gatmaitan
  • Article

    Legal Developments In The Philippines: Focus On Data Privacy, Digital Banks And FinTech - February 2021

    This bulletin is on recent Philippine legal developments in data privacy, fintech and digital banks.
    PhilippinesPrivacy
    SyCip Salazar Hernandez & Gatmaitan
    SyCip Salazar Hernandez & Gatmaitan
  • Article

    Legal Developments In The Philippines: Focus On Data Privacy, Digital Banks And FinTech

    This bulletin is on recent Philippine legal developments in data privacy, fintech and digital banks.
    PhilippinesPrivacy
    SyCip Salazar Hernandez & Gatmaitan
    SyCip Salazar Hernandez & Gatmaitan
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