(NAR) VOL.8 NO. 4 / OCTOBER - DECEMBER 1997
Further to Memorandum Circular No. 15, series of 1997, the submission of a bank certificate for the $20,000 escrow deposit of the principal, as one of the amended documentary requirements for the renewal of accreditation of principals, shall no longer be required.
For compliance.
Adopted: 17 Nov. 1997
(SGD.) FELICISIMO O. JOSON, JR.
Administrator