(NAR) VOL. 19 NO. 1 / JANUARY - MARCH 2008
"A bank may be authorized, upon prior Monetary Board approval, to render the following services in favor of subsidiaries, affiliates and companies related to it by at least 5% common ownership:This Circular shall take effect fifteen (15) days after publication in the Official Gazette or in a newspaper of general circulation.
xxx;
s. Legal and compliance services.
xxx."