AMENDMENT OF APPENDIX 6 (REPORTS REQUIRED OF BANKS) OF THE MANUAL OF REGULATIONS FOR BANKS (MORB)

Pursuant to Monetary Board Resolution No. 1570 dated 27 November
2008, Appendix 6 (Reports Required of Banks), an appendix to Section
X162 of the MORB, is hereby amended.

SECTION 1. Objective. It is the objective of
the BS P to continuously institute changes in the banks’ financial
reporting system for the purpose of aligning the same with the latest
developments in the international and Philippine Accounting Standards,
provisions in Philippine Financial Reporting Standards (PFRS), risk
management supervision and liberalization of banking regulations.
Towards this end, the BSP is rationalizing the financial reporting
system, thus these amendments, without precluding the submission of
certain reports as schedules/documents/attachments to banks’
request/application as provided under BSP regulations.

SECTION 2. Appendix 6. REPORTS REQUIRED OF BANKS, an appendix under Section X162 of the MORB is hereby amended by deleting the reports listed in “Attachment I^[*] from the reports required to be submitted by banks.

SECTION 3. Repealing Clause. The corresponding Sections
and Subsections of the MORB and related Circulars, Circular Letters and
Memorandum To All Banks and other rules and regulations contrary to or
inconsistent with the provisions of this Circular are hereby repealed,
amended and/or modified accordingly.

SECTION 4. Effectivity. This Circular shall take effect
fifteen (15) days following its publication either in the Official
Gazette or in a newspaper of general circulation.

Adopted: 22 Dec. 2008

FOR THE MONETARY BOARD:

(SGD.) AMANDO M. TETANGCO, JR.
Governor

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^[*] Text Available at Office of the National Administrative Register, U. P. Law Complex, Diliman, Quezon City