Deadline for Submission of Biographical Data of Directors/Officers
MEMORANDUM NO. M-2008-024
TO : ALL BANKS AND NON-BANK FINANCIAL INSTITUTIONS UNDER BSP SUPERVISION
Subject : Deadline for Submission of Biographical Data of Directors/ Officers
Please be advised that the prescribed deadline for submission of the biographical data of directors/officers under Appendix 6 in relation to Sec. X144 of the Manual of Regulations for Banks (MORB) of seven (7) banking days as changes occur or after election/appointment, shall be reckoned from the date of the meeting of the Board of Directors (BOD) in which the directors/ officers are elected or appointed, and not from the effectivity date of the election or appointment of said directors/officers.
The same shall likewise apply to the prescribed deadline for submission of the biographical data of directors/officers of non-bank financial institutions (NBFIs) under Appendices Q-3, S-2 and N-1 in relation to Sections 4142Q, 4162S and 4162N, respectively, of the Manual of Regulations for Non-Bank Financial Institutions (MORNBFI).
For information and guidance.
NESTOR A. ESPENILLA, JR. Deputy Governor
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