SyCipLaw Bulletin # 35: GCQ over Metro Manila Extended until October 31, 2020, BSP Issuances

SyCipLaw has issued a bulletin on COVID-19 related issuances as of October 1, 2020.


The bulletin covers the following matters:A. General Community Quarantine (GCQ) over Metro Manila Extended until October 31, 2020.

A. General Community Quarantine (GCQ) over Metro Manila Extended until October 31, 2020 

B. Bangko Sentral ng Pilipinas (BSP) issues Rules on the Implementation of the One-Time 60-Day Grace Period on Loans under Section 4(uu) of the Bayanihan to Recover as One Act (Bayanihan 2 Act) 

C. The Monetary Board (MB) of the BSP Imposes a 24% Per Annum Ceiling on Interest or Finance Charges on Credit Card Receivables

Please read the full text of the bulletin below: