(NAR) VOL. 1 NO.4 / OCTOBER - DECEMBER 1990
"RESOLVED: That the Board, pursuant to its
rule-making authority and in the interest of a more effective PRA
program opens the availment of the “unstructured account" treatment of
foreign exchange deposits to a smaller investor-group of a minimum 50
retirees, and for the purpose amends the definition of "Group" in
Paragraph k, Section 1 of Rule III of the PRA Rules and Regulations
(Implementing E.O. No. 1037), dated April 10, 1987, effective
immediately, to read as follows:
RULE III, Section 1 —
"k. GROUP — shall refer to [100] FIFTY
retirees or more who have satisfactorily complied with the requirements
of the PROGRAM and have qualified for participation in the PROGRAM."
"APPROVED."
Adopted: 27 Nov. 1990
(SGD.) ROMEO T. TESTON
Corporate Secretary