The Central Bank of the Philippines issued a circular letter to all authorized agent banks (AABs) and AAB subsidiary or affiliate foreign exchange corporations, advising that a specific Bangko Sentral Registration Document (BSRD) has been reported lost and is being replaced, and directing that it must not be honored if presented for foreign exchange purchases related to capital repatriation or remittance of earnings. The notice covers BSRD No. A001129-DS dated 03 July 2017, which registers the foreign direct investment of ICAP Management Services Limited (United Kingdom) representing assigned capital in its Philippine branch amounting to USD 199,960.00. The instruction is issued pursuant to Section 38 of the Manual of Regulations on Foreign Exchange Transactions, as amended.
Central Bank of the Philippines 2025-04-11
Central Bank of the Philippines instructs banks not to honor lost Bangko Sentral Registration Document for ICAP Management Services’ USD 199,960 investment
The Central Bank of the Philippines has issued a circular to authorized agent banks and related entities, advising that BSRD No. A001129-DS, linked to ICAP Management Services Limited's foreign direct investment, is lost and should not be honored for foreign exchange transactions. This directive is in accordance with Section 38 of the Manual of Regulations on Foreign Exchange Transactions.