Amended to Subsec. X341.3.a of the Manual of Regulations for Banks
CIRCULAR NO. 352 Series of 2002
Pursuant to Monetary Board Resolution No. 1313 dated September 12, 2002, item (7) of Subsec. X341.3.a of the Manual of Regulations for Banks is hereby amended, to read as follows:
“(7) The NFA: Provided, That it certifies that its palay procurements are obtained through direct/indirect linkage arrangements with agrarian reform beneficiaries, subject to such ceilings as may be imposed by the BSP/Department of Finance on the loan advances to the NFA by banks:”
This Circular shall take effect immediately.
FOR THE MONETARY BOARD:
ARMANDO L. SURATOS Officer-in-Charge
More in BSP Circulars
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- Treatment of Securities Offered and Accepted in Debt Exchange Offerings of Government Owned and Controlled Corporations(BSP Circular No. 670)
- Implementing Guidelines on the Basel III Leverage Ratio Framework(BSP Circular No. 881)
- Amendments to the Regulations on Disqualification of Directors and Officers(BSP Circular No. 1226)
- Amendment to Subsection X268.1e of the Manual of Regulations for Banks(BSP Circular No. 345)
- Revised Framework on the Selection of External Auditors(BSP Circular No. 1210)
- Guidelines in Accounting for Government Grants with Nil or Low Interest Rates(BSP Circular No. 572)
- Amendments to Foreign Exchange Regulations(BSP Circular No. 925)
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