(NAR) VOL. 20 NO.2 / APRIL - JUNE 2009

[ BSP CIRCULAR NO. 651, April 01, 2009 ]

EXTENSION OF THE EFFECTIVITY OF CIRCULAR NO. 629 ON THE TREATMENT OF NET UNREALIZED LOSSES IN THE FCDU/EFCDU BOOK FOR PURPOSES OF DETERMINING COMPLIANCE WITH THE FCDU/EFCDU ASSET COVER REQUIREMENT



The Monetary Board in its Resolution No. 483 dated 26 March 2009, approved the extension of the effectivity of Circular No. 629 dated 31 October 2008, for another six- month period until 30 September 2009.

This Circular shall take effect on 1 April 2009.

Adopted: 1 April 2009

FOR THE MONETARY BOARD:

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


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