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OFFICE OF THE GOVERNORCIRCULAR NO. ___ Series of 2024 Subject:Amendments to Regulations on Reporting Governance Framework for Money Service Businesses (MSBs) Remittance Transfer Companies (RTCs) and
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A central bank amendment is a formal change or correction made to previously submitted information or reports to the central bank, ensuring compliance with regulatory standards.
Financial institutions and entities that have previously submitted reports to the central bank and need to correct or update that information are required to file a central bank to amend.
To fill out a central bank to amend, follow the specific guidelines provided by the central bank, include the necessary identification details, the amendments being made, and any supporting documentation required.
The purpose of filing a central bank to amend is to ensure the accuracy and compliance of financial reports and to correct any previously submitted inaccuracies.
The information that must be reported includes the original submission details, specific changes being made, reasons for the amendments, and any relevant supporting data.
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