CONTACT: |
Supreme Court of the Philippines Library Services, Padre Faura, Ermita, Manila, Philippines 1000 |
(632) 8524-2706 |
libraryservices.sc@judiciary.gov.ph |
(NAR) VOL. 5 NO. 2/APRIL-JUNE 1994
[ BSP CIRCULAR NO. 25, s. 1994, June 01, 1994 ]
CHANGES IN REPORTORIAL REQUIREMENTS
The Monetary Board, in its Resolution No. 437 dated 13 May 1994 approved the following changes in the reportorial requirements in Appendix S-6 of the Manual of Regulations for Banks and Other Financial Intermediaries, Book IV:
1. The following reports will no longer be required from NSSLAs with total resources of P10 million or less:
2. The following reports shall be deleted from the list of reports required from NSSLAs:
3. The following reports shall no longer be required from all NSSLAs:
The effectivity of this Circular shall be 30 June 1994.
Adopted: 1 June 1994
1. The following reports will no longer be required from NSSLAs with total resources of P10 million or less:
- Annual Report of Management to Members; and
- Consolidated Annual Financial Statements of NSSLAs and their Allied Undertakings/Affiliates/Subsidiaries supported by individual financial statements of allied undertakings/affiliates/subsidiaries.
2. The following reports shall be deleted from the list of reports required from NSSLAs:
- CBP 7-26-02.2H — Consolidated Report of Investments in Loans and Discounts;
- Certification as to the Last Number of Board Resolution Adopted;
- Duplicate of Board of Directors Resolutions; and
- Information required in Section 4161 N.a (now Section 4161 S.b) as addendum to Information Sheet.
3. The following reports shall no longer be required from all NSSLAs:
- Bio-Data and Information Sheet where no change occurs;
- Report on Crimes/Losses when the value does not exceed 0.5% of the NSSLA's net worth or P50,000, whichever is lower; and
- Report of Discrepancies of Accounts where the discrepancies do not exceed 1% of the NSSLA's net worth or P100,000, whichever is lower.
The effectivity of this Circular shall be 30 June 1994.
Adopted: 1 June 1994
(SGD.) GABRIEL C. SINGSON
Governor
Governor