Announcement
24 May 2013
On 24 May 2013, the Phillipines central bank (Bangko Sentral ng Pilipinas) announced the implementation of Republic Act 10574 (An Act Allowing the Infusion of Foreign Equity in the Capital of Rural Banks). This act serves as an amendment to the 1992 Rural Bank Act, which prohibited foreign ownership of rural banks in any capacity.
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Number of interventions
1
0 certainly harmful
0 likely harmful
1 liberalising
List of interventions
Implementation date
24 May 2013
Revocation date:
No revocation date
Updated: 24 May 2013
FDI: Entry and ownership rule
In force
On 24 May 2013, the Philippines central bank (Bangko Sentral ng Pilipinas ("BSP")) announced the implementation of Republic Act 10574 (An Act Allowing the Infusion of Foreign Equity in th...
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