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Bangko Sentral ng Pilipinas Circular No. 423

Bangko Sentral ng Pilipinas Circular No. 423

BSP Circular No. 423 | 2004-03-15

Date Issued: 03.15.2004
Number: 0423
 
CIRCULAR NO. 423
Series of 2004
 
The Monetary Board, in its Resolution No. 241 dated February 26, 2004, approved the following amendments to Sections X326 to X338 of the Manual of Regulations for Banks (MOR) including their Subsections to implement Section 36 of Republic Act (R.A.) 8791, The General Banking Law of 2000.
 
SECTION 1.  Sections X326 to X338 of the MOR and their Subsections are hereby amended to read as follows: 
 
SECTION X326.  General Policy.  Dealings of a bank with any of its Directors, Officers, Stockholders and their Related Interests (DOSRI) should...