Amendment of Subsection X201.1 of the Manual of Regulations for Banks
Pan o Sentral ng (f Qinas
OFFICE OF THE GOVERNOR
CIRCULAR NO. 667 Series of 2009
Subject: Amendment of Subsection X201.1 of the Manual of Regulations for Banks
10 September 2009, Subsection X201.1 of the Manual of Regulations for Pursuant toMonetary Board ResolutionNo.1290dated
Banks (MORB) on the prerequisites to accept or create demand deposits for thrift banks/rural banks/cooperative banks is hereby amended, so as to include the following reguirement:
XXX
C The applicant bank must have been examined by the Bangko Sentral ng Pilipinas within one (1) year prior to the date of submission of compiete documentary requirements with the Central Applications and
Licensing Group."
Official Gazette or in the newspaper of general circulation. The Circular shall take effect fifteen (15) days after publication in the
FOR THE MONETARY BOARD:
00 NESTOR A.VESPENINA JR
Officer-In-Charge
S1 October 2009
PAnanaLAPinG MAtAtAg, BAnSAnG PAnAtAg
A. Mabini St., Malate 1004 Manila, Philippines Trunkline (632) 524-70-11 URL:www.bsp.gov.ph e--mail: [email protected]
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