Non-stock savings and loan associations (NSSLAs) will have to establish know-your-member (KYM) guidelines under new rules approved by monetary authorities.

In a statement, the Bangko Sentral ng Pilipinas said its policy-making Monetary Board had approved guidelines on the establishment of identities and the eligibility of persons to become NSSLA members, and the determination of the propriety of NSSLA fund investments.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details