|**Country**|**Year**<sup>**I/**</sup><br>**O**<br>**T/**<br>**E**|**Type**|**Nature**|**Summary**|
|---|---|---|---|---|
|Peru|2010 I<br>T|CC|Reserve Ratios|Reserve requirements on non-deposit foreign liabilities with maturityless than 2years raised to 35% from 0%.|
|Peru|2010 I<br>T|CC|Tax on derivatives|30% income tax introduced for settlement of derivative contract with offshore banks(imposed on local financial institutions)|
||T,||Limits to FX<br>exposure/ currency|Changed limits on banks‘ net FX position to 75 percent for long position (from 100 percent) and 15 percent for short position (from 10|
|Peru|2010<br>E|CM|mismatches|percent)|
|Peru|2010 I<br>T|CC|Reserve Ratios|Reserve requirements on non-deposit foreign liabilities with maturityless than 2years raised to 40% from 35%.|
|Peru|2010 I<br>T|CC|Reserve Ratios|Marginal reserve requirements on local currencydeposits held byforeigners increased to 35%(from 30%).|
|Peru|2010|OM|Limits to FX<br>exposure/ currency<br>mismatches|Imposed private pension funds' limit on trading FX at 0.85% of assets under management (for daily transactions) and 1.95% (over 5-day<br>period)|
||||Ceilings on foreign<br>investment/ external||
|Peru|2010 O E|CC|borrowings|Operatinglimit onpension funds‘ overseas investments increased to 28percent from 26percent.|
|Peru|2010 I<br>T|CC|Reserve Ratios|Reserve requirements on non-deposit foreign liabilities with maturityless than 2years raised to 50% from 40%.|
|Peru|2010 I<br>T|CC|Reserve Ratios|Marginal reserve requirements on local currencydeposits held byforeigners increased to 45%(from 35%).|
|Peru|2010 I<br>T|CC|Reserve Ratios|Reserve requirements on non-deposit foreign liabilities with maturityless than 2years raised to 65% from 50%.|
|Peru|2010 I<br>T|CC|Reserve Ratios|Marginal reserve requirements on local currencydeposits held byforeigners increased to 50%(from 45%).|
||||Foreign investors'||
|Peru|2010 I<br>T|CC|<br>access|Fee on foreignpurchases of central bank liquiditydraininginstruments increased to 400 bps.|
|Peru|2010 I<br>T|CC|Reserve Ratios|Marginal reserve requirements on local currencydeposits held byforeigners increased to 65%(from 50%).|
|Peru|2010 I<br>T|CC|Reserve Ratios|Marginal reserve requirements on local currencydeposits held byforeigners increased to 120%(from 65%).|
|Peru|2010 I<br>T|CC|Reserve Ratios|Reserve requirements on non-deposit foreign liabilities with maturityless than 2years raised to 75% from 65%.|
||||Ceilings on foreign<br>investment/ external||
|Peru|2010 O E|CC|borrowings|Operatinglimit onpension funds‘ overseas investments increased to 30percent from 28percent.|
|Peru|2010 I<br>T|CM|Reserve Ratios|Increased marginal reserve requirements to 25% for domestic currencylendingand to 55% for foreign currencylendingbybanks|
|||||Imposed 30 percent capital gains tax on non-residents‘ investments in the stock market for transactions through Peruvian broker and at 5|
|Peru|2010 I<br>T|CC|Tax on Inflows|percent for transactions through a non-resident broker.|
|Peru|2010 I<br>T|CC|Tax on Inflows|30% tax on foreign investorgains from PEN-denominated futures maturingwithin 60 days.|
|Peru|2011 I<br>T|CM|Reserve Ratios|Reduced reserve requirements on foreign currencyliabilities to 60percent|
||||Limits to FX<br>exposure/ currency||
|Peru|2011<br>T|CM|mismatches|US Dollar forward holdings of companies limited to 40% of assets or 400mn,whichever isgreater.|
|||||Allow prepayment of BSP-registered foreign/foreign currency loans of the private sector to be funded with FX from AABs/AAB-FX|
|Philippines|<br>2010 O E|CC|Exchange controls|<br>corps withoutprior BSP approval.|
|Philippines|<br>2010 O E|CC|Exchange controls|Banks allowed toprocess remittance requests byforeign investors withoutprior approval.|
|Philippines|<br>2010 O E|CC|Exchange controls|Increase in FXpurchase limit for outward investment byresidents.|
||||Disclosure|Registration requirements for outward investments by residents in excess of USD 60 million lifted and replaced by reporting|
|Philippines|<br>2010 O E|CC|Requirements|requirements.|
|South Afric|a 2010<br>T|CC|Ceilings on foreign<br>investment/ external<br>borrowings|As of 1 March 2010 South African banks will be able to acquire direct and indirect foreign exposure up to 25% of their total liabilities<br>(excluding equity), covering all foreign exposure but excluding FDI. The initial limit of 40% has been adjusted downwards in light of<br>recent international developments|

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