AMENDMENT TO BOOKS I AND II OF MANUAL OF REGULATIONS FOR BANKS AND OTHER FINANCIAL INTERMEDIARIES
National Administrative Register April 8, 1994 [ BSP CIRCULAR NO. 21, s. 1994, April 19, 1994 ]
The Monetary Board, in its Resolution No. 319 dated April 8, 1994 amended Item 10 of Subsections 1151.3 and 2151.3 of Books I and II, respectively, of the Manual of Regulations for Banks and Other Financial Intermediaries, to read as follows:
“10. The bank has complied with the ceilings on credit accommodations to directors, officers, stockholders and their related interests during the last THREE (3) months immediately preceding the date of application;”
This Circular shall take effect immediately.
Adopted: 19 Apr. 1994
(SGD.) GABRIEL C. SINGSON
Governor
Governor