SUSPENSION OF THE 25% FEE-BASED INCOME REQUIREMENT FOR INVESTMENT HOUSES

National Administrative Register August 18, 2000 [ BSP CIRCULAR LETTER, 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.

Adopted: 14 September 2000

(SGD.) ALBERTO V. REYES
Deputy Governor