BSP Circulars BSP Circular No. 338BSP Circular No. 338 2002-07-18T00:00:00.000+08:00

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

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