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(NAR) VOL. 11 NO.3 / JULY – SEP. 2000
[ BSP CIRCULAR LETTER, September 14, 2000 ]
SUSPENSION OF THE 25% FEE-BASED INCOME REQUIREMENT FOR INVESTMENT HOUSES
The Monetary Board, in its Resolution No. 1416 dated 18 August 2000,
decided to continue the suspension of the 25% fee-based income
requirement for investment houses up to year-end 2000.
Adopted: 14 September 2000
(SGD.) ALBERTO V. REYES
Deputy Governor