On Mar. 24, 2025, PHI CB said it will collect ASF from pawnshops and money service businesses (MSBs); for pawnshops, ASF is PHP 500 per office as of Dec. 31, 2024.
For MSBs, the ASF is based on their type as of Dec. 31, 2024, as per regulations.
Pawnshops also registered as MSBs are required to pay for both business types.
Department of Supervisory Analytics (DSA) will issue billing notices to all pawnshops and MSBs, detailing the ASF amount, coverage period, and payment deadline.
Payments must be made via the NOPS, where users must generate order of payment number (OPN) by selecting appropriate transaction type and entering required details.
Institutions must review the ASF billing notice for accuracy upon receipt and submit any concerns or exceptions to PHI CB within five working days from date of receipt.
All supervised institutions must pay the ASF on or before May 31, 2025.
Document dated Mar. 24, 2025, received from PHI CB Mar. 28, summarized Apr. 2.
On Mar. 24, PHI CB issued memos about collecting supervision fees.
PHI CB will collect the annual supervision fees (ASF) for 2025 from banks, non-banks with quasi-banking functions (NBQBs), non-stock savings and loan associations (NSSLAs), and trust corporations (TCs) in accordance with section 28 of Republic act.
Follows PHI CB Dec. 2023 proposed revising guidelines re annual fee, see #195395.
Document dated Mar. 24, 2025, received from PHI CB Mar. 25, summarized Mar. 27.
Description of Memorandums
For banks and NBQBs, ASF is based on the previous year’s average assessable assets (AAA), at 1/28% for most institutions and 1/40% for rural and cooperative banks.
For NSSLAs, ASF is 1/65% of AAA or a tiered cap based on asset size, ranging from PHP 10k (for up to PHP 100mn) to PHP 500k (for over PHP 1bn), whichever is lower.
For TCs, ASF is based on AUM: 0.01% for the first 3 years and 0.02% thereafter.
AAA excludes cash, bank balances, National Government securities, AUM is included for trust entities; ASF is adjusted for mergers, reclassifications, payment differences.
SBLAF early adopters get a fee reduction of 20% or PHP 2mn, whichever is lower.
PHI CB will debit ASF from the bank’s demand deposit account (DDA) for banks and NBQBs; these institutions must ensure sufficient funds in order to avoid penalties.
NSSLAs and TCs must pay through PHI CB's new order of payment system (NOPS).
Institutions must report billing discrepancies within 10 working days of notice receipt.
Effectiveness
ASF for banks and NBQBs must be paid by May 31, 2025, billing notices will be issued in Apr. 2025; as for NSSLAs and TCs, billing notice shall be sent in Apr. 2025 to the NSSLA/TC for its ASF payment indicating, among others, the computation of ASF due.
Plus, period covered by ASF and specific date when ASF becomes payable to PHI CB.
Mar. 2025 ASF for MSBs
On Mar. 24, 2025, PHI CB said it will collect ASF from pawnshops and money service businesses (MSBs); for pawnshops, ASF is PHP 500 per office as of Dec. 31, 2024.
For MSBs, the ASF is based on their type as of Dec. 31, 2024, as per regulations.
Pawnshops also registered as MSBs are required to pay for both business types.
Department of Supervisory Analytics (DSA) will issue billing notices to all pawnshops and MSBs, detailing the ASF amount, coverage period, and payment deadline.
Payments must be made via the NOPS, where users must generate order of payment number (OPN) by selecting appropriate transaction type and entering required details.
Institutions must review the ASF billing notice for accuracy upon receipt and submit any concerns or exceptions to PHI CB within five working days from date of receipt.
All supervised institutions must pay the ASF on or before May 31, 2025.
Document dated Mar. 24, 2025, received from PHI CB Mar. 28, summarized Apr. 2.
