QAU Alert 2017-04: Year-End Regulatory Updates


Opinion 17-08: Revocation and Re-Registration of a Corporation. 

Opinion 17-09: Corporate Term of a Condominium Corporation. 

Opinion 17-10: Condominium Corporation; Membership; Proxy Rule; Compensation of Directors and Officers; Hold-Over Capacity; Corporate Term.

Opinion 17-11: Clarification on SEC OGC Opinion No. 11-41. 

Opinion 17-12: Retail Trade; Ticketing Activity.

Opinion 17-13: Applicability of Section 43 of the Corporation Code to Joint Venture Partnership.

Opinion 17-14: International Freight Forwarding; Applicability of Anti-Dummy Law.

Opinion 17-15: Compensation of Trustees; Acquisition of Land by a Non-Stock, Non-Profit Religious Corporation. 



Revenue Regulations No. 7-2017 Amending Pertinent Provisions of Revenue Regulations (RR) No. 2-98 as amended by RR 17-2013 in Relation to RR 6-2012. 

Revenue Memorandum Circular No. 78-2017 Publishing the Full Text of Republic Act No. 10932. 

Revenue Memorandum Circular No. 89-2017 Circularizes the Amendments to Revenue Memorandum Circular No. 51-2007 on the Processing of Claims for Issuance of Tax Refund/Tax Credit Certificate (TCC) and Revenue Officials Authorized to Approve and/or Issue the Tax Refund/TCC. 

Revenue Memorandum Circular No. 93-2017 Circularizing the Letter issued by the Microfinance NGO Regulatory Council in relation to the implementation of Revenue Regulations (RR) No. 3-2017 implementing the tax provisions of Republic Act (RA) No. 10693, otherwise known as the "MICROFINANCE NGOs ACT". 

Revenue Memorandum Circular No. 94-2017 BIR Privacy Policy. 

Revenue Memorandum Order No. 25-2017 Prescribing the Guidelines, Policies and Procedures in the Transfer of Data and Records in the Integrated Tax Systems (Its)/ Electronic Tax System (E-Tis), and Other Administrative and Reportorial Requirements for Compliance by Newly-Enlisted/Transferred Large Taxpayers as Approved by the Commissioner of Internal Revenue. 

Revenue Memorandum Order No. 28-2017 Amending Certain Provisions of Revenue Memorandum Order (RMO) No. 42- 2016 – Prescribing the Guidelines and Procedures in the Implementation of Republic Act (RA) No. 9505, Otherwise Known as the Personal Equity and Retirement Account (PERA) Act of 2008, dated July 21, 2016. 

Revenue Memorandum Order No. 28-2017 Amending Certain Provision of Revenue Memorandum Order No. 55-2016. Relative to the Signatories in tlre E,lectronic Cerlificate Authorizing Regislration (eCAR) 



Circular Letter No. 974 Amendments to the Manual of Regulations for Banks and Non-Bank Financial Institution. 

Circular Letter No. 975 Issuance of Bonds and Commercial Papers. 

Circular Letter No. 976 Amendments to the Expanded Report on Real Estate Exposures (ERREE) and the Submission of the Report on Project Finance Exposures (RPFE) 

Circular Letter No. 977 Establishing a New Deadline for the Replacement or Exchange of New Design Series (NDS) Banknotes directly with the Bangko Sentral ng Pilipinas (BSP) at par with the New Generation Currency (NGC) banknotes and without charge until December 29, 2017. 

Circular Letter No. 978 Exclusion of Loans and Other Credit Accommodations Covered by Guarantees of International/Regional Institutions/Multilateral Financial Institutions from Ceilings to Subsidiaries and Affiliates. 

Circular Letter No. 979 Risk-Weighting of Bank Loans to the extent guaranteed by Credit Surety Fund (CSF) Cooperatives  

Circular Letter No. 980 Adoption of National Retail Payment System (NRPS) Framework. 

Circular Letter No. 981 Guidelines on Liquidity Risk Management. 

Circular Letter No. 982 Enhanced Guidelines on Information Security Management. 

Circular Letter No. 983 Reduction of Reserve Requirement on Repurchase Transactions. 

Memorandum No. M-2017-033 Transitory Provisions of Circular No. 963 on Bank Responsibility for the Generation and Time Submission of Required Reports to the BSP. 



Circular Letter No. 2017-49 Guidelines on the Insurability of Damages, Fines and Penalties which are Exemplary in Nature Relative to Liability Insurance. 

Circular Letter No. 2017-50 Amendment to Minimum Capitalization and Financial Capacity Requirements for Health Maintenance Organizations. 



Circular 05-2017 Governance and Management Audit Report for Cooperatives (Performance Audit Report) 

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