The Central Bank of the Philippines issued a circular letter to authorized agent banks and their subsidiary or affiliate foreign exchange corporations flagging that several Bangko Sentral Registration Documents (BSRDs) for foreign investments in Mitsuwa Chemical Philippines, Inc. have been reported lost. The BSRDs are being replaced and should not be honored if found and presented for the purchase of foreign exchange for capital repatriation or remittance of earnings under Section 38 of the Manual of Regulations on Foreign Exchange Transactions. The notice identifies BSRD No. A000771-D (issued 30 April 2018) for Shonan Modeling Co. Ltd (Japan) covering 5,000 common shares, BSRD No. A000772-D (issued 30 April 2018) for Three Rings Pte. Ltd. (Singapore) covering 5,000 common shares, and BSRD No. A001651-D (issued 26 September 2018) covering 10,000 common shares, all for the same investee (formerly Mitsuwa Philippines, Inc.).
Central Bank of the Philippines 2026-04-10
Central Bank of the Philippines instructs authorized agent banks not to honor lost registration documents for Mitsuwa Chemical Philippines foreign investments
The Central Bank of the Philippines has notified authorized agent banks and foreign exchange corporations that several Bangko Sentral Registration Documents (BSRDs) for foreign investments in Mitsuwa Chemical Philippines, Inc. have been reported lost and are being replaced. The identified BSRDs, covering common share investments by Shonan Modeling Co. Ltd, Three Rings Pte. Ltd., and another 10,000-share investment, should not be honored if presented for foreign exchange purchases for capital repatriation or remittance of earnings.