The Central Bank of the Philippines issued a circular letter to all Authorized Agent Banks and their subsidiary or affiliate foreign exchange corporations warning that a specific Bangko Sentral Registration Document (BSRD) has been reported lost and should not be honoured if presented for foreign exchange purchases for capital repatriation or remittance of earnings. The notice covers BSRD No. A018251-DE dated 15 May 2014, which registered the foreign direct investment of SYRINX HOLDINGS B.V. (Netherlands) in 33,148 common shares of CCL Label Industries Philippines Inc. A replacement has been applied for, and the lost document should not be honoured pursuant to Section 38 of the Manual of Regulations on Foreign Exchange Transactions, as amended.
Central Bank of the Philippines 2025-09-04
Central Bank of the Philippines instructs banks not to honour a lost registration document for SYRINX Holdings’ foreign direct investment
The Central Bank of the Philippines has alerted Authorized Agent Banks and their foreign exchange subsidiaries about the loss of Bangko Sentral Registration Document No. A018251-DE, related to SYRINX HOLDINGS B.V.'s investment in CCL Label Industries Philippines Inc. The document should not be accepted for foreign exchange transactions, as a replacement is pending under Section 38 of the Manual of Regulations on Foreign Exchange Transactions.