• Institute of Corporate Directors

Governance and Regulation

Updated: May 29

Regulatory updates


· Circular No. 1078, Series of 2020

Subject: Guidelines on Correspondent Banking Relationships

· Circular No.CL-2020-014

Subject: Amendments to Certain Provisions of the 2018 Implementing Rules and Regulations (IRR) of Republic act No. 9160, as Amended, Issued as Anti-Money Laundering Council (AMLC) Regulatory Issuance A, B and C No. 1, Series of 2020

· Memorandum No. M-2020-005

Subject: Supervisory Assessment Framework


· Circular No. 2020-01

Subject: Revised Guidelines on the Issuance of Certifications under R.A. No. 9184 and the Adoption and Certification System (IC e-ACS) for the Implementation Thereof

· Circular No. 2020-03

Subject: Guideline for the Monitoring of the Performance of the Microinsurance Providers in Accordance with Circular Letter No. 2016-63

· Circular No. 2020-07

Subject: Revised Annual Statement Template

· Circular No. 2020-08

Subject: Insurance Commission Anti-Money Laundering and Counter-Terrorism Financing Risk Rating System for Insurance Commission Regulated Entities


· Memorandum Circular No. 1, Series of 2020

Subject: Revised Implementing Rules and Regulations of Republic Act No. 9856, Otherwise Known as the Real Estate Investment Trust (REIT) Act of 2009

· Memorandum Circular No. 3, Series of 2020

Subject: Notice of Regular Meetings of the Stockholders/Members

· Memorandum Circular No. 5, Series of 2020

Extension of Filing of the 2019 Annual Reports including the Applicable Quarterly Reports for year 2020 and 2019 Audited Financial Statements (AFS)

· Memorandum Circular No. 6, Series of 2020

Guidelines on the Attendance and Participation of Directors, Trustees, Stockholders, Members, and other Persons of Corporations in Regular and Special Meetings through Teleconferencing, Video Conferencing and other Remote or Electronic Means of Communication

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