Non-Financial Allied Undertakings
CIRCULAR NO. 338 Series of 2002
The Monetary Board, in its Resolution No. 800 dated May 30, 2002, approved the amendment to Section X380 of the new Manual of Regulations for Banks, as follows:
"Section X380 Non-Financial Allied Undertakings xxx
a. UBs/KBs/TBs
UBs/KBs and TBs may invest in equities of the following non-financial allied undertakings "xxx"
(11) Philippine Clearing House Corporation (PCHC), Philippine Central Depository, Inc. and Fixed Income Exchange; and
xxx"
This Circular shall take effect immediately.
FOR THE MONETARY BOARD:
RAFAEL B. BUENAVENTURA Governor
More in BSP Circulars
- Reportorial requirements of the DOE in accordance with Section 5 of RA 8180(BSP Circular No. 112)
- Amendments to Regulations on Information Technology Risk Management to Implement Section 6 of the Anti-Financial Account Scamming Act (AFASA)(BSP Circular No. 1213(corrected copy))
- Reduction in Reserve Requirements(BSP Circular No. 1211)
- Further amendments to the existing regulations governing the applicability of DOSRI rules and regulations to government borrowings from government-owned or -controlled banks/non-bank financial institutions (NBFIs)(BSP Circular No. 635)
- Creation of Manual of Regulations for Payment Systems (MORPS) (Re-uploaded with Appendix)(BSP Circular No. 1191)
- Alternative Compliance with the Reserve Requirements of Banks and Non-Bank Financial Institutions with Quasi-Banking Functions (NBQBs)(BSP Circular No. 1087)
- Changes in the Exporters' Dollar and Yen Rediscount Facility (EDYRF)(BSP Circular No. 807)
- To further rationalize and simplify, as well as reduce the administrative burden for preparation of reports required of expanded commercial banks, commercial banks and specialized government banks(BSP Circular No. 29)
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.