BSP MEMORANDUM, October 11, 2000
DEFERMENT OF THE IMPOSITION OF PENALTIES FOR DELAYED/ERRONEOUS/INCOMPLETE REPORTS
National Administrative Register October 11, 2000
In consonance with the approval of the Governor of the request of
the Rural Bankers Association of the Philippines (RBAP) for deferment of
the imposition of penalties for non-compliance therewith, the following
shall be observed:
the Rural Bankers Association of the Philippines (RBAP) for deferment of
the imposition of penalties for non-compliance therewith, the following
shall be observed:
1. The timetable for the submission of the revised
periodic reports including the Weekly Report on Required and Available
Reserves (WRRAR) which report upon advice, will eventually be replaced
by the Consolidated Daily Report of Condition (CDRC), as provided under
BSP Circular No. 249 shall still be followed.2. The imposition of penalties for delayed, incomplete or
erroneous reports (including the use of old report formats), except
those concerning the SME and Agri-Agra Credit, shall be deferred until
March 31, 2001.
Adopted: 11 Oct. 2000
(SGD.) ALBERTO V. REYES
Deputy Governor