BSP Releases Guidelines on the Electronic Submission of Annual Report of All Interlocking Positions of Directors and Officers

On 11 February 2022, the Bangko Sentral ng Pilipinas (“BSP”) issued Memorandum No. M-2022-010 to provide guidelines on the electronic submission of Annual Report of all Interlocking Positions of Directors and Officers (“ARIPDO”) beginning with the 31 December 2021 report.

Submission Guidelines:

1. Universal and Commercial (“UKBs”), including their subsidiary and affiliate BSP Supervised Financial Institutions (“BSFIs”), and stand-alone Islamic Banks (“IBs”), Thrift Banks (“TBs”), Rural Banks (“RBs”), Cooperative Banks (“CBs”), Digital Banks (“DBs”), Quasi-banks (“QBs”), and Non-Bank Financial Institutions with Trust Authority (“NBFIs with TA”) and Trust Corporations (“TCs”)  shall follow the General Instructions and Detailed Guide in accomplishing the ARIPDO Data Entry Template (“DET”). 
   
   These files can be downloaded from www.bsp.gov.ph/SES/reporting_templates or may be directly requested from the BSP-Department of Supervisory Analytics (DSA) though DSAReports@bsp.gov.ph following the prescribed format as the subject: [REQUEST] ARIPDO Data Entry Template, General Instructions and Detailed Guide.
   
   
2. Covered BSFIs shall individually submit the accomplished DET within 20 banking days after end of reference year to DSAReports@bsp.gov.ph, using the subject line:
   ARIPDO <space><Name of BSFI><space><Reference Date>
   
   
3. The prescribed file name and format shall be used in submitting the DET:
   ARIPDO <BSFI Acronym>-.xls.
   
   
4. For the 31 December 2021 ARIPDO report, submission deadline has been extended to 30 April 2022 pursuant to Memorandum No. M2022-006. Henceforth, regular submission shall resume for reports with reference date ending 31 December 2022 in accordance with prescribed timelines.
   
   
5. Only electronic submission originating from officially registered email address/es of the covered BSFIs shall be recognized and accepted by the DSA. The acknowledgement receipt for the submitted report will be sent to the same email address/es.
   
   
6. Covered BSFIs that do not have interlocking positions of its Directors and Officers as of reference date shall still be required to submit the ARIPDO DET to the above-mentioned DSA email address using the prescribed format.
   
   
7. No hard copy submission shall be accepted. Covered BSFIs that are unable to transmit via email may submit the accomplished DET in any portable storage device through messengerial or postal services within the prescribed deadline addressed to the Department Head of DSA. 
   
   
8. Queries regarding the ARIPDO, its related regulations and guidelines shall be sent via e-mail to DSAReports@bsp.gov.ph following the prescribed format as the subject: [INQUIRY] ARIPDO.