PDIC REGULATORY ISSUANCE NO. 2004-02, August 12, 2004
FURTHER AMENDMENTS TO REGULATORY ISSUANCE NO. 2002-01 (AMENDED RULES AND REGULATIONS ON ADVERTISEMENT OF MEMBERSHIP WITH PDIC)
SECTION 1. Item 1 of Regulatory Issuance (RI) No. 2002-01 is hereby further amended to read as follows:
“1. The PDIC shall supply the signs which an insured bank shall display. The signs shall be of two (2) types: Desktop or standees and sticker or decal which shall read as follows:
- For PDIC Decals: `This Bank is a Member of PDIC. Maximum Deposit Insurance for Each Depositor P250,000.00.’
- For PDIC Standees: `Deposits insured by PDIC Maximum Deposit Insurance for Each Depositor P250,000′”
SECTION 2. Item 10 (a) of the same RI is hereby further amended to read as follows:
“10. The PDIC insurance statement shall be of two (2) types:
- The official advertising statement `Member of the Philippine Deposit Insurance Corporation. Maximum Deposit Insurance for Each Depositor P250,000‘, which shall be used in all printed advertisements;” xxx
SECTION 3. All other related rules and/or regulations which are inconsistent herewith are hereby repealed or amended accordingly.
SECTION 4. This Amended RI shall take effect fifteen (15) days after publication in a newspaper of general circulation.
Adopted: 12 August 2004
(SGD.) RICARDO M. TAN
President & Chief Executive Officer