Amendments to the Manual of Regulations for Banks and Manual of Regulations for Non-Bank Financial Institutions as of 3l March 2016

to-lt \ \ llJ{A: } eaNexo SiENTRAL No PrLrprNAst \'a-/- / OFFICE OF THE GOVERNOR crRcurAR No._930_ Series of 20L5 Subject: Amendments to the Manual of Regulations for Banks and Manual of Regulations for Non-Bank Financial Institutions as of 3l March 2016 The Monetary Board, in its Resolution No. 1635 dated 8 September 2OL6, approved the following amendments to the Manual of Regulations for Banks (MORB) and Manual of Regulations for Non-Bank Financial Institutions (MORNBFI) as of 31 March 2015. Section 1. The following subsections/appendix of the MORB/MORNBFI are amended to codify the provisions on Transitional Arrangements under Circular No. 905 dated 18 March 2016 and Effectivity of the Cooling-Off Provisions under Circular No. 898 dated 14 January 2015, as follows: Subsections/Appendix of the Source MORB/MORNBFI Last paragraph, Subsection 1175.1 on l't sentence , Section 2, Liquidity Coverage Ratio Circular No. 905 dated 18 March 2016 Part ffl, Appendix 74a on Basel lll 2ndsentence up to last sentence Framework on Liquidity Standards- Section 2, Circular No. 905 dated Liquiditv Coverase Ratio 18 March 2016 Footnote of ltem "c", Subsections Section 3, x1oo2.3 I 4too2Q.3 / 44025.3 / 4402p .3 / Circular No. 898 dated 14 January 2016 4702N.3 on Cooline Off Period Section 2. The following appendices of the MORB/MORNBFI are added to codify the annexes of Circular Nos. 888 and 908 dated 09 October 2015 and 14 March 2015, respectively, as follows: MORB/MORNBFI Source Appendix No. 1741Q-68 Annex A (Format Certification on Compliance with Requirements on Dividend Declaration) Circular No. 888 dated 09 October 2015 11slQ-69 Annex A (Agriculture Value Chain - Business Models) Circular No. 908 dated 14 March 2016 Section 3. The cited Subsection 4197N.4 under Section 6 of Circular No. 900 dated 18 January 2016 is corrected to Subsection 4198N.4, as follows: "section 6. Subsections XL79.4l 4L79Q.41 4L98N.4/ 4L79T.4 Opemtional risk monagement framework xxx" A. MabiniSt., Malate 1004 Manila, Philippines . (632) 708-77-01 .www.bsp.gov.pho [email protected]

Page 2 ot 2 Section 4. SubsectionXLS2.T of the MORB is amended to correct the cross- reference from "Subsection X762.7 on intra-group outsourcing" to "Subsection X162.6 on intra-group outsourcing". Section 5. The following section/subsections and appendix of the MORB are amended to correct the cross-references from "Subsection XL8L.4" to "Subsection X181.5": 1. ltem b (1), Subsection X151.8; 2. ltem c, Section XL52; 3. 1st paragraph, Subsection X155.1; and 4. ltem 3. a, Post Approval, Appendix 37. Section 6. The following subsections of the MORB/MORNBFI are amended to change the cross-references from "Circular No. 871 dated 5 March 2015/Circular No. 875 dated 15 April 2OL5" to specific sections/subsections/appendices of the MORB/MORNBFI to which the said circulars were codified, as follows: Subsections of the Old cross- New cross-reference MORB/MORNBFI reference ftem c, Subsection XL79.4 Circular No. 877 Section X185 dated March Section X186 2015 Subsec. X426.L Aooendix 112 ftem c, Subsection 4779Q.4 Section 4185Q Section 4186Q Subsec. 4r''26Q.7 Appendix Q-55 Item c, Subsection 4198N.4 Section 4153N Section 4164N ftem c, Subsection 4n9f .4 Section 41857 Section 41857 Subsection X179.11 Circular No. 875 Section X009 Subsection x762.9 dated 15 April 2015 Subsection X950.8 Subsection 4179q.11 Section 4009Q Subsection 4198N.11 Subsection 4t79T:7L Section 40097 FOR THE MONETARY BOARD: November 2016