Report on the Sworn Statement on Real Estate/Chattel Transactions submitted under BSP Form Nos. NP06-KB, NP06-TB and RB/COB 20
CIRCULAR NO. 427 Series of 2004
Pursuant to Monetary Board Resolution No. 349 dated 18 March 2004, the Report on the Sworn Statement on Real Estate/Chattel Transactions submitted under BSP Form Nos. NP06-KB, NP06-TB and RB/COB 20 need not be under the signature of all the members of the bank’s board of directors provided that:
(a) transactions reported are being availed of strictly in accordance with the terms and conditions of a fringe benefit program approved by the bank’s board of directors and by the Bangko Sentral; and
(b) the signatory to the certification is an officer duly authorized by the bank’s board of directors.
Transactions not covered under the bank’s fringe benefit plan shall still be reported under the signatures of all the members of the bank’s board of directors.
This Circular shall take effect after fifteen (15) days following its publication either in the Official Gazette or in a newspaper of general circulation.
FOR THE MONETARY BOARD:
RAFAEL B. BUENAVENTURA Governor
More in BSP Circulars
- Amendments to the Pre-termination of a CRPP Contract(BSP Circular No. 265)
- Guidelines to govern the establishment and relocation/voluntary closure of branches and other banking offices of commercial banks and thrift banks(BSP Circular No. 1390)
- Amendments to the the Manual of Accounts for Expanded Commercial Banks and Commercial Banks and to the Manual of Accounts for Thrift Banks(BSP Circular No. 395)
- Authority of thrift banks with FCDU licenses to invest in readily marketable foreign currency denominated debt instruments, regardless of maturity(BSP Circular No. 565)
- Amendments to the Manual of Regulations for Banks and Other Financial Intermediaries (Books I to IV)(BSP Circular No. 148)
- To require any person who brings into or out of the Philippines foreign currency, as well as other foreign exchange-denominated bearer monetary instruments, to declare the same in writing(BSP Circular No. 507)
- To allow exporters, thru authorized commercial banks, to avail of the NDF Facility(BSP Circular No. 151)
- Amended Regulations to Enhance Consumer Protection in the Credit Card Operations of Banks and Their Subsidiary or Affliate Credit Card Companies(BSP Circular No. 702)
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