Notable Regulations Issued August 2011

Here are some notable regulations issued August 2011:

1.  SEC Memorandum Circular No. 5-2011 dated August 4, 2011 – Amending SEC Memorandum Circular No. 5, series of 2008 (Guidelines and Procedures on the Use of Corporate and Partnership Names);

2.   SEC Memorandum Circular No. 6-2011 dated August 15,  2011 – 2012 Schedule of Filing of Annual Financial Statements;

3.  BIR Revenue Regulations No. 15-2011 dated August 26, 2011 – Amendment to Section 5 of Revenue Regulations No. 12-2011;

4. BSP Circular No. 733 dated August 5, 2011 – Philippine Financial Reporting Standards 9;

5.  BSP Circular No.  734 dated August 16, 2011 – Amendment to the Regulations on Single Borrower’s Limit;

6.  BSP Circular No. 735 dated August 16, 2011 – Amendment of Section X267 of the Manual of Regulations for Banks;

7.  BSP Circular No. 736 dated July 20, 2011 – Rules and Regulations on the Mandatory Credit Allocation for Agriculture and Agrarian Reform Credit.

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