Central Bank of the Philippines sets 2025 annual supervision fees for NSSLAs with caps up to PHP 500,000 and trust corporations at 0.01% to 0.02% of AUM

The Central Bank of the Philippines (BSP) issued guidance on the computation, billing and collection of the 2025 Annual Supervision Fees (ASF) payable by non-stock savings and loans associations (NSSLAs) and trust corporations. The memorandum sets fee rates, tiered caps for NSSLAs, AUM-based charging for trust corporations, and the payment and exception-handling process. For NSSLAs, the ASF is set at 1/65 of 1% of Average Assessable Assets (AAA) for the immediately preceding year, or the applicable maximum amount per AAA range, whichever is lower, with a tiered cap up to PHP 500,000 for NSSLAs with total AAA above PHP 1.0 billion and a minimum of PHP 10,000 for NSSLAs with AAA up to PHP 100.0 million. For trust corporations, the ASF is 0.01% of the average monthly balance of assets under management (AUM) for the first three years of operations and 0.02% from the fourth year onwards, with securities held under custodianship exempt. The BSP Department of Supervisory Analytics will issue ASF billing notices in April 2025 indicating the computation, period covered and the date the ASF becomes payable, with payments accepted via the BSP New Order of Payment System. Institutions are expected to review the billing for accuracy and submit any documented exceptions within ten working days of receiving the notice; late or unsupported exceptions will be considered for the immediately succeeding year’s ASF computation.