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BULLETIN   
BULLETIN NO. 2017-10
TO :Member-Banks
SUBJECT :Regulatory Issuance 2017-01; Revised Rules and Regulations on Regular Assessment of Banks

The Regulatory Issuance (RI) 2017-01 on the Revised Rules and Regulations on Regular Assessment of Banks took effect on May 27, 2017. A copy can be downloaded from the PDIC website www.pdic.gov.ph.

The following are some of the salient provisions of this RI:

1. Filing of Certified Statement - a soft or electronic copy of the First Certified Statement (FCS) or the Regular Certified Statement (RCS), using a prescribed excel template, must now be emailed to insd@pdic.gov.ph. This is in addition to the requirement to send PDIC two (2) duly signed and notarized printed copies of the FCS or RCS, either by personal delivery or thru mail.
 
2. Payment of Regular Assessment - all payments shall be made through Real Time Gross Settlement Facility (RTGS) facility. The procedure is outlined in Annex A.
 
Banks which have no RTGS facility may pay via Land Bank of the Philippines (LBP) Online Collection facility. The procedure is outlined in Annex B.
 
3. Foreign Currency Deposits - banks with deposits in foreign currency shall follow the conversion procedure in Annex C.
 

Please be reminded that any violation of RI 2017-01 shall subject the member bank and/or any of its responsible directors, officers, employees or agents to administrative fines and criminal liability in accordance with Section 26 (f) and (g) of the PDIC Charter.
 

ROBERTO B. TAN
President
27 June 2017


Downloadable Attachments:
Annex A - Payment of Assessment thru Real Time Gross Settlement (RTGS)
Annex B - Payment of Assessment thru Online Collection Facility of the Land Bank of the Philippines (LBP)
Annex B.1 - Paying Bank Receipt
Annex C - Procedure in the Conversion of Foreign Currency Deposits to Philippine Peso
1The excel template prescribed by PDIC can be downloaded from the PDIC website, www.pdic.gov.ph Go to Member Banks' Corner, click Certified Statement, then click Certified Statement Worksheet
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PDIC is a government instrumentality created in 1963
by virtue of Republic Act 3591, as amended, to insure
the deposits of all banks. PDIC exists to protect
depositors by providing deposit insurance coverage for the depositing public and help promote financial stability. PDIC is an attached agency of the Bangko Sentral ng Pilipinas.
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