Amendments to the rules on non-stock savings and loan association
CIRCULAR NO. 104 Series of 1996
The Monetary Board, in its Resolution No. 1359 dated November 29, 1995 approved the following amendments to the rules on non-stock savings and loan association (NSSLAs) in Book IV of the Manual of Regulations for Banks and Other Financial Intermediaries:
Section 4166S Uniform System of Accounts — The last paragraph of this Section is hereby amended to read as follows:
"The voucher system, or the ticket system, or such other accounting systems acceptable to the Bangko Sentral ng Pilipinas as well as the prescribed chart of accounts shall be adopted for use by non-stock savings and loan associations."
This Circular shall take effect immediately.
For the Monetary Board:
ALBERTO V. REYES Officer-In-Charge
More in BSP Circulars
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- Treatment of Securities Offered and Accepted in Tender Offers Pursuant to Liability Management Transactions of the Republic of the Philippines(BSP Circular No. 738)
- Clearing of Checks via Electronic Presentment(BSP Circular No. 924)
- Amendments to Regulations on Salary-Based General Purpose Consumption Loans(BSP Circular No. 1239)
- Amendments to the rules on interbank loans(BSP Circular No. 88)
- Rules and Regulations on the Registration of Operators of Payment Systems(BSP Circular No. 1049)
- Further Amendment of Section 2 of CB Circular No. 1389, as Amended(BSP Circular No. 138)
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