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                         Course Outline (.PDF 167kb)


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 &
  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 is P 3,980 inclusive of an e-certificate and a printed learning material

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

    Contact Person: Camille Jonas     Mobile Number (+63 939) 914-8689
    Telefax:      (+632) 8842-7148 or 59

Business Guide to the Law and IRR of FIST Act

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


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


*Training investment is P 3,980 inclusive of an e-certificate and a printed learning material

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




           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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