(NAR) VOL. 14 NOS. 3-4 / JULY-DECEMBER 2003

[ BSP CIRCULAR LETTER, October 14, 2003 ]

25% FEE-BASED INCOME REQUIREMENT FOR INVESTMENT HOUSES



The Monetary Board, in its Resolution No. 1439 dated 2 October 2003, approved the setting aside of the 25% fee-based income requirement for investment houses.

For information.

Adopted: 14 Oct. 2003

(SGD.) ALBERTO V. REYES
Deputy Governor


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