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[ BSP CIRCULAR NO. 791, April 03, 2013 ]
RESTORATION OF THE 2009 ASSESSMENT RATES FOR ANNUAL SUPERVISORY FEES (ASF) CHARGED ON BANKS AND NON-BANKS WITH QUASI-BANKING FUNCTIONS FOR 2013 ONWARDS
SECTION 1. Section §X901.1 (2008 - X608.1) Annual Fees on banks of the MORB is hereby amended to read as follows:
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Beginning assessable year 2013, the rates of annual fees for banks for the current year shall be as follows:
a. UBs/KBs - 1/28 of 1%b. TBs - 1/28 of 1%c. RBs/Coop Banks - 1/40 of 1%multiplied by their AAAs of the preceding year;
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SECTION 2. Section §4901Q.1 (2008 - 4652Q) Annual Fees on Quasi-Banks of the MORNBFI is hereby amended to read as follows:
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Beginning assessable year 2013, the annual fees for QBs of the current year shall be one twenty-eight (1/28) of one percent (1%) multiplied by their AAAs of the preceding year.
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SECTION 3. Repealing Clause. This Circular supersedes/amends/ modifies provisions of existing circulars, memoranda and/or regulations that are inconsistent herewith.
SECTION 4. Effectivity. This circular shall take effect fifteen (15) calendar days following its publication either in the Official Gazette or in a newspaper of general circulation.
FOR THE MONETARY BOARD:
(SGD.) JUAN D. DE ZUÑIGA, JR.
Officer-in-Charge