Manual of Regulations for Nonbank Financial Institutions (consumer protection-related)

Philippines

(enacted in 2008)

The Manual of Regulations for Non-Banks Financial Institutions (MORNBFI) of 2008, a compilation of regulations and policies issued by the Bangko Sentral ng Pilipinas for certain financial institutions under its supervision, applies to non-bank financial institutions the same consumer protection requirements described in the Manual of Regulations for Banks (MORB). It also contains provisions regarding pawnshop transactions.