This will help ensure that clients are accorded with the same degree of due diligence regardless of their choice of trustee. The third involves guidelines on the performance measurement of UITFs. This covers the BSP’s expectations on the selection of benchmarks for UITFs, based on the principles of fair representation and full disclosure.
These three proposed issuances are now under re-exposure or revision as the BSP considers the comments received. Other policy issuances in the pipeline include comprehensive investment guidelines that will serve as a guidebook on the investment processes for segregated trust accounts, other fiduciary accounts, and investment management accounts.