Amendment of deadline for submission to the BSP of the Report on Crimes and Losses
CIRCULAR NO. 486 Series of 2005
The Monetary Board, in its Resolution No. 598 dated 5 May 2005, decided to amend the deadline for submission to the Bangko Sentral ng Pilipinas of the Report on Crimes and Losses involving bank personnel from five (5) banking days after initiation of judicial action or extra-judicial action or after imposition of administrative sanction, whichever is earlier, to five (5) banking days from knowledge of crime/incident.
The deadline for submission of the Report on Crimes and Losses under Appendix 6 (Reports Required of Banks) of the Manual of Regulations for Banks (MORB) shall be amended accordingly (Annex A).
This Circular shall take effect fifteen (15) days following its publication in the Official Gazette or in a newspaper of general circulation.
FOR THE MONETARY BOARD:
AMANDO M. TETANGCO, JR Officer-in-Charge
More in BSP Circulars
- Rediscounting of eligible papers under the rediscount window(BSP Circular No. 1387)
- Deposit substitutes evidenced by repurchase agreements covering government securities up to the amount equivalent to the adjusted Tier 1 capital of the bank/quasi-bank(BSP Circular No. 444)
- Amortization of Goodwill up to a period of 40 years(BSP Circular No. 225)
- AMENDING SECTION 4 OF CIRCULAR NO. 1389, AS AMENDED(BSP Circular No. 98)
- Amendments to Subsection 1381.2, item (a) of the Manual of Regulations for Banks (MORB)(BSP Circular No. 438)
- Yen-denominated loans(BSP Circular No. 203)
- Application of Special Licensing Fees on Relocation of Head Offices, Branches/Other banking offices (OBOs), and Approved but Unopened Branches/OBOs to Restricted areas(BSP Circular No. 847)
- To curb undue speculations in the foreign exchange market(BSP Circular No. 135)
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