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                         Course Outline (.PDF 167kb)

             Early Bird Deadline          CGBP                              
presents


FRIDAY, JULY 30, 2021 * 1:30PM TO 4:45PM * via zoom logo

Take advantage of the new Financial Institutions Strategic Transfer (FIST) Act signed into law on February 16, 2021.

For banks and all other financial institutions (FIs), this your window of opportunity to dispose non-performing assets with incentives and privileges.

For individuals, businesses, and foreign investors, learn how you can set up a FIST Corporation to buy assets at bargain prices with additional tax exemptions and fee privileges.

For lawyers, accountants, and business consultants, this can be a service you can add to your practice.

This 3-hour webinar will also cover the implementing rules and regulations jointly crafted by the SEC, BSP, DOF, BIR and LRA which took effect on March 29, 2021.


Course Director & Lecturer:

Atty. Justina F. Callangan


She was the Director of the Corporate Governance and Finance Department at the Securities and Exchange Commission. She regularly lectures and provide executive briefings on SEC, legal, and corporate governance topics for the benefit of all organizations in the Philippines.

She is currently Independent Director of Orix Metro Leasing and Finance Corporation of the Metro Bank Group, Director (representing the public sector) of the Securities Investor Fund, Inc., and an independent director of two publicly listed corporations -- Panasonic Manufacturing Philippines Corporation and Vista Land.

Who Should Attend:
  1. Banks, GFIs and all Other
      Financial Institutions
  2. Asset Management Firms
  3. Investors and Investment Houses
  4. Financing & Lending Companies
  5. Non-stock Savings and
      Loan Associations
  6. Insurance Companies &
      Pawnshops
  7. Accredited Microfinance NGOs
  8. Non-bank Credit Card Issuers
  9. Special Purpose Vehicles (SPV)
  10. Covered GOCCs
  11. Lawyers and Accountants
  12. Everyone interested in FIST Law

Limited Slots Only, Pre-Registration Required

*Training investment inclusive of an e-certificate and a printed learning material
  P 2,980 (when you register and pay
                on or before June 30)
  P 3,980 (when you register and pay
                after June 30)


*Optional:
Add P450 for a printed copy of a certificate of attendance inclusive of delivery charge

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    Contact Person: Camille Jonas     Mobile Number (+63 939) 914-8689
    Telefax:      (+632) 8842-7148 or 59
    Email:   camille.cgbp@yahoo.com
    Check:    www.cgbp.ph



Business Guide to the Law and IRR of FIST Act

Friday, July 30, 2021 * 1:30PM TO 4:45PM * via zoom logo

COURSE OUTLINE

I. Definition of Terms on the FIST LAW


II. FISTC (Financial Institutions Strategic Transfer Corporation)
      - Powers of FISTC
      - Establishment of FISTC
      - Submission of FIST Plan

III. Permitted Investors


IV. Transfer of Assets
      - Certificate of Eligibility
      - Notice Required After the Sale or Transfer
      - Nature of Transfer
            - When Is a Sale/ Transfer Not a True Sale?
            - When Is a Sale/ Transfer Presumed (Unless Determined by the ARA) Not a True Sale?
      - Credit Facility
      - Issuance of Injunctive Relief Against Transfer of Assets

V. Incentives and Exemption Privileges


VI. Additional Tax Exemptions and Privileges


VII. Sanctions for Abuse of Tax Exemptions and Fee Privileges


VIII. Redemption Periods


IX. Books of Accounts and Records


X. Internal Accounting Controls


XI. Inspection of Books and Records


XII. Reports and Monitoring


XIII. Primary Implementing Agency ("PIA")


XIV. Penalties and Administrative Sanctions


XV. Applicability Clause


XVI. Conscience Clause


XVII. Oversight Committee


XVIII. Requirements for the Issuance of IUIs


XIX. Guidelines for the Financial Consumer Protection Mechanism
      - Principles
      - Financial Consumer Protection Risk Management System (FCPRMS)
      - Financial Consumer Protection Oversight
      - Senior Management Responsibilities
      - Disclosure, Transparency, Conflicts of Interest
      - Protection of Client Information
      - Fair Treatment and Objectivity
      - Cooling-Off Period
      - Effective Recourse
      - Exhaustion of Remedies
      - Penalties for Violation of the Guidelines for FCP Mechanism



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*Training investment inclusive of an e-certificate and a printed learning material

      P 2,980 (when you register and pay on or before June 30)
      P 3,980 (when you register and pay after June 30)


*Optional: Add P450 for a printed copy of a certificate of attendance inclusive of delivery charge




CLICK HERE TO ENROLL NOW!

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CHECK OTHER SEC-ACCREDITED TRAINING PROGRAMS


           2019 Revised Corporation Code of the Philippines

Tuesday, July 6, 2021
1:30PM to 5:00PM

via zoom logo




                   
Roles, Responsibilities & Liabilities of Board Directors

Friday, November 19, 2021
2:00PM to 4:00PM

via zoom logo




               
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