Advisory BSP Memorandum No. M-2020-074. Read here.

BSP Memorandum No. M-2020-074

To: All BSP-Supervised Financial Institutions

Subject: Implementing Rules and Regulations (Rules) and Frequently Asked Questions (FAQ) on Section 4(uu) of the R.A. No. 11494 or the “Bayanihan to Recover As One Act”

Pursuant to Memorandum to all All BSP-Supervised Financial Institutions (BSFIs) No. M-2020-068 dated 18 September 2020 on the implementation of Section 4(uu) of the R.A. No. 11494 or the “Bayanihan to Recover As One Act” (BARO ACT), the Rules and FAQ are hereby issued to provide additional guidance and clarification of Section 4(uu) of R.A. No. 11494.

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