I just have the same problem here in Taiwan. Now it's solved.
First, make sure phone line of your cordless phone is connected. Then, get to the advanced settings and key in default pin number (mine here is 0000), but don't press OK here. At the same time, push the "radial sign" in the center of CD 150 bracket for 3 seconds so it can deliver signals. Meanwhile, press OK button on the phone and if it's working, you will see
"waiting" and not long after that, no more PLS REG H/S.
Hope it's helping :)
also see :http://www.p4c.philips.com/cgi-bin/dcbint/cpindex.pl?mode=search&session=20110103075755_22.214.171.124&scy=TW&ctn=CD1501B%2F96&ds=CD1501B%2F96&slg=ENG&qslg=on&searchtext=registration&submit=Search