Authorized Agent Banks and Authorized Security Dealers No. 39-73

March 26, 1973

CBP MEMORANDUM

TO : Authorized Agent Banks and Authorized Security Dealers No. 39-73

RULES AND REGULATIONS IMPLEMENTING CIRCULAR 365

The following rules and regulations are hereby adopted to implement the provisions of CB Circular No. 365 dated March 16, 1973.

I

Registration of Foreign Investments

1. All foreign investments duly registered with the Central Bank shall be eligible for repatriation and profit remittance in accordance with the provisions of Circular 365 dated March 16, 1973. No unregistered foreign investments shall be allowed repatriation or profit remittance privilege under the provisions of Circular 365. cdtech

2. Applications for registration of investments shall be filed with any agent bank in the forms prescribed for the purpose.

3. Foreign investments already registered with the Central Bank need not be registered anew under these regulations.

II

Foreign Cash Investments Made After March 15, 1973 in CB-Certified Export-Oriented or in BOI-Registered Enterprises and in Central Bank-Approved Philippine Securities Listed in the Local Stock Exchanges

1. Applications for approval of such foreign cash investments shall be filed with any agent bank in the attached forms prescribed for the purpose:

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