BSP Circulars BSP Circular No. 19BSP Circular No. 19 1994-03-23T00:00:00.000+08:00
To amend Item b, first paragraph of Circular No. 1295 dated July 16, 1991
CIRCULAR NO. 19 Series of 1994
In its Resolution No. 11 dated January 5, 1994, the Monetary Board approved the amendments to Item b, first paragraph of Circular No. 1295 dated July 16, 1991 to read as follows:
b. Other Sanctions
First Offense
Reprimand for the directors/officers who approved THE CREDIT LINE or availment which resulted to an excess with a warning that subsequent violations will be subject to more severe sanctions.
xxx xxx xxx
This amendment shall take effect immediately.
GABRIEL C. SINGSON Governor
More in BSP Circulars
- Philippine Financial Reporting Standards 9(BSP Circular No. 733)
- Transfers requiring prior Monetary Board approval(BSP Circular No. 309)
- Issuance of a circular to implement the liberalization of items for which tariff adjustments had been made as approved under Executive Order No. 8(BSP Circular No. 1356)
- Due date of submission by thrift banks of their capital build-up programs(BSP Circular No. 83)
- Guidelines for Reporting Islamic Banking and Finance Transactions/Arrangements(BSP Circular No. 1139)
- Relocation/transfer of branches(BSP Circular No. 346)
- Definition of "Reasonable Period of Time" Relative to the Requirement on the Listing of Shares in the Philippine Stock Exchange (PSE) under Section 3 of Republic Act (R.A.) No. 7721 dated 18 may 1994(BSP Circular No. 775)
- Amendment to Regulations on Reserves Against TOFA-Others(BSP Circular No. 1025)
Want an analysis of this document?
Ask ASG Legal AI to summarize it, compare it with other rulings, or explain how it applies to your situation — it researches from this same library.