BSP CIRCULAR LETTER, September 14, 2000
SUSPENSION OF THE 25% FEE-BASED INCOME REQUIREMENT FOR INVESTMENT HOUSES
National Administrative Register September 14, 2000
The Monetary Board, in its Resolution No. 1416 dated 18 August 2000,
decided to continue the suspension of the 25% fee-based income
requirement for investment houses up to year-end 2000.
decided to continue the suspension of the 25% fee-based income
requirement for investment houses up to year-end 2000.
Adopted: 14 September 2000
(SGD.) ALBERTO V. REYES
Deputy Governor