Governance and Regulation

Regulatory updates

BANGKO SENTRAL NG PILIPINAS

• Circular No. 1085, Series of 2020

Subject: Sustainable Financial Framework

http://www.bsp.gov.ph/downloads/regulations/attachments/2020/c1085.pdf

• Memorandum No. M-2020-017

Subject: Implementing Rules and Regulations (IRR) of Section 4(aa) of Republic Act (R.A.) No. 11469, Otherwise Known as the "Bayanihan to Heal As One Act"

http://www.bsp.gov.ph/downloads/regulations/attachments/2020/m017.pdf

INSURANCE COMMISSION

• Circular No. 2020-45

Subject: Amendments to Circular Letter No. 2019-71 Product Oversight and Governance

https://www.insurance.gov.ph/wp-content/uploads/2020/04/CL-2020-45.pdf

• Circular No. 2020-60

Subject: Regulatory Relief on Networth Requirements and Guidelines on the Implementation on Amended Risk-Based Capital (RBC2) Framework for Calendar Year 2020

https://www.insurance.gov.ph/wp-content/uploads/2020/05/CL2020_60.pdf

• Circular No. 2020-71

Subject: Revised Code of Corporate Governance for Insurance Commission Regulated Companies

https://www.insurance.gov.ph/wp-content/uploads/2020/06/CL2020_71.pdf

SECURITIES AND EXCHANGE COMMISSION

• Memorandum Circular No. 14, Series of 2020

Subject: Shareholder’s right to put items on the Agenda for Regular/Special Stockholders’ meetings

http://www.sec.gov.ph/wp-content/uploads/2020/05/SECMCNo14_1.pdf