Restoration of 2009 Assessment Rates for Annual Supervisory Fees (ASF) Charged on Banks and Non-Banks for 2013 Onwards

April 3, 2013BSP CIRCULAR NO. 791-13SUBJECT:Restoration of the 2009 Assessment Rates for Annual Supervisory Fees (ASF) Charged on Banks and Non-Banks with Quasi-Banking Functions for 2013 Onwards Pursuant to Monetary Board Resolution No. 446 dated 15 March 2013, the pertinent provisions of Section X901.1 (Annual Fees on Banks) of the MORB and Section §4901Q.1 (Annual Fees on Quasi-Banks) of the MORNBFI are hereby amended to read, as follows: SECTION 1. Section §X901.1 (2008-X608.1) Annual Fees on banks of the MORB is hereby amended to read as follows:xxx xxx xxxBeginning assessable year 2013, the rates of annual fees for banks for the current year shall be as follows:a. UBs/KBs — 1/28 of 1%b. TBs — 1/28 of 1%c. RBs/Coop Banks — 1/40 of 1%multiplied by their AAAs of the preceding year;xxx xxx xxxSECTION 2. Section §4901Q.1 (2008-4652Q) Annual Fees on Quasi-Banks of the MORNBFI is hereby amended to read as follows: SACHcDxxx xxx xxxBeginning assessable year 2013, the annual fees for QBs of the current year shall be one twenty-eight (1/28) of one percent (1%) multiplied...