Voluntary Surrender of License to Operate as a Non-Stock Savings and Loan Association (NSSLA) of Shell Refinery Employees Savings and Loan Association, Inc.
OFFICE OF THE DEPUTY GOVERNOR FINANCIAL SUPERVISION SECTOR 046 CIRCULAR LETTER NO. CL – 2021 – ____ To : ALL BANKS AND NON-BANK FINANCIAL INSTITUTIONS Subject : Voluntary Surrender of License to Operate as a Non-Stock Savings and Loan Association (NSSLA) of Shell Refinery Employees Savings and Loan Association, Inc. (SRESLAI) The Monetary Board, in its Resolution No. 500 dated 22 April 2021, approved the voluntary surrender of NSSLA’s license of Shell Refinery Employees Savings and Loan Association with the end-view to proceed with voluntary dissolution and liquidation, pursuant to Section 181-S of the Manual of Regulations for Non-Bank Financial Institutions (NBFIs). Digitally signed by Chuchi G. Fonacier Date: 2021.06.15 14:40:20 +08'00' CHUCHI G. FONACIER Deputy Governor 15 June 2021
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