On 16 February 2021, President Duterte signed into law Republic Act No. 11523, otherwise known as the “Financial Institutions Strategic Transfer (FIST) Act” (the “FIST Law”), which …

(d) Data Package refers to the complete set of documents, as may be prescribed by the Commission, which must be prepared and made available by the selling Financial Institutions …

May 11, 2021 · One of the key features of the FIST Act is the creation of FIST corporations (“FISTC”), given the power and authority to invest in, or acquire non-performing assets …

implementation of the FIST Act reinforces the BSP-Supervised Financial Institutions’ (BSFIs’) primary role of providing financial services and liquidity to support households, business

Feb 14, 2023 · A BILL proposing amendments to the Financial Institutions Strategic Transfer (FIST) Act of 2021 has cleared the House banking committee. The committee approved …

Apr 11, 2021 · The transfer of non-performing loans and real and other properties acquired by FIs (NPAs) from an FI to a FISTC shall be subject to prior certification of eligibility as NPA by the …

Once established, FISTCs shall have the power to invest in, or acquire from FI’s non-performing assets (NPA) that the FISTC can lease, mortgage, sell, exchange, usufruct, or securitize, to …

Mar 5, 2021 · FIST Act aims to encourage private sector investments in non-performing assets (NPAs) to help in the rehabilitation of distressed businesses, given the economic impact …

Feb 23, 2021 · Under the law, a corporation, which shall be known as Financial Institutions Strategic Transfer Corporation (FISTC), may be created for the purpose of investing in or …

Feb 27, 2021 · Ang FIST Act, na pinagtibay ng Pangulo bilang urgent at isinabatas noong ika-16 ng Pebrero 2021, ay magpapahintulot sa mga institusyong pampinansyal na mag-offload ng …