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M-2022-004 - Extension of BSP Prudential Relief Measures
M-2022-004 - Extension of BSP Prudential Relief Measures
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The reduction in the MLR and the arrangements set forth in this
memorandum shall be effective until 31 December 2022, unless
otherwise revoked by the BSP.
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Pursuant to the provisions of this Memorandum, the SBL is increased from
25 percent to 30 percent until 31 December 2022, pursuant to national interest.
The Monetary Board, in its Resolution No. 743 dated 11 June 2020,
approved the grant of regulatory relief for pawnshops through the
relaxation of their maximum borrowing limit by increasing the allowed
percentage of their total borrowings to pledge loans from 50 percent1 to
70 percent until 31 December 2022.
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As prescribed under Section 201-P of the Manual of Regulations for Non-Bank
Financial Institutions
17 January 2022
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