AMENDMENT OF THE MINIMUM PROVISIONS REQUIRED FOR INVESTMENT MANAGEMENT AGREEMENTS
National Administrative Register May 21, 1993 [ BSP MEMORANDUM TO ALL BANKS AND OTHER FINANCIAL INTERMEDIARIES PERFORMING TRUST, OTHER FIDUCIARY BUSINESS AND INVESTMENT MANAGEMENT ACTIVITIES, June 04, 1993 ]
June 4, 1993
The Monetary Board, in its Resolution No. 429, dated 21 May 1993, approved the amendment of the minimum provisions required for investment management agreements under Subsections 411.1 and 419.1 of the New Rules on Trust, Other Fiduciary Business and Investment Management Activities so as to delete Item 14 thereof or the requirement for acknowledgement by a notary public.
This amendment shall take effect immediately.
Adopted: 4 June 1993
(Sgd.) JOSE L. CUISIA, JR.
Governor