BIO-Data of Directors and Officers of NSSLAS and BLAs; Reports of Non-Bank Financial Intermediaries; Audited Financial Statements of Non-Stock Savings and Loan Association and Building and Loan Association; Savings Deposit Passbooks of Non-Stock Savings and Loan Associations Savings Deposit Passbook; Loan Granted to Directors/Officers

December 26, 1989 CBP CIRCULAR NO. 1218-89 BIO-DATA OF DIRECTORS AND OFFICERS OF NSSLAS AND BLAS; REPORTS OF NON-BANK FINANCIAL INTERMEDIARIES; AUDITED FINANCIAL STATEMENTS OF NON-STOCK SAVINGS AND LOAN ASSOCIATION AND BUILDING AND LOAN ASSOCIATION; SAVINGS DEPOSIT PASSBOOKS OF NON-STOCK SAVINGS AND LOAN ASSOCIATIONS SAVINGS DEPOSIT PASSBOOK; LOAN GRANTED TO DIRECTORS/OFFICERS The Monetary Board, in its Resolution No. 1005 dated 24 November 1989, approved the following amendments to Book IV of the Manual of Regulations for Banks and Other Financial Intermediaries: SECTION 1. Section 4144N is hereby amended to read as follows: "Bio-data of Directors and Officers of NSSLAs and BLAs. All non-stock savings and loan associations and building and loan associations shall submit to SES IV a bio-data of all their incumbent directors and officers, in the prescribed form, within 30 days after calendar year-end or fifteen (15) days following creation or filling up of vacancy in the Board of Directors, sub-bodies of the Board or managerial staff." SECTION 2. Subsection 4161N.a is hereby amended to read as follows: "a. All non-bank financial intermediaries shall submit to the appropriate supervising and examining department the reports called for in the prescribed forms as indicated in App. 10. Non-stock savings and loan associations shall submit the reports listed in App. 10-a while building and loan associations shall submit the reports listed in App. 10-b. General and specific instructions for accomplishing some of the reports as prescribed in App. 10-c shall be followed." SECTION 3. The first sentence of Sec. 4171N is hereby amended to read as follows: "Every non-stock savings and loan association and building and loan association with total resources of P500,000 or more shall, within 120 days after the close of its fiscal year, furnish the Monetary Board and mail to each of its members, a copy of its audited financial statements certified by the external auditor provided for in Sec. 4165N showing, in such form and detail as the Monetary Board shall require the amount and character of the assets and liabilities of the Association at the end preceding fiscal year." SECTION 4. The last paragraph of Subsection 4261N.5 is hereby amended to read as follows: "Non-stock savings and loan associations shall pre-number their savings deposit passbooks." SECTION 5. The first paragraph of Section 4304N.1 is hereby amended to read as follows: "To maximize the protection of members of non-stock savings and loan associations and building and loan associations against misfeasance and malfeasance of the directors and officers thereof, the Monetary Board adopted the following regulations on writing off of loans by non-stock savings and loan associations and building and loan associations." SECTION 6. Section 4327N is hereby amended to read as follows: "In all cases of accommodations granted to directors and officers under Section 4326N the written approval and of the majority of the directors of the association, excluding the director concerned, shall be entered upon the records of the association and a copy or such entry, together with a Certification on Loans Granted to Directors/Officers, shall be transmitted forthwith to SES Department IV within twenty (20) business days from the date of approval." SECTION 7. Appendixes 10-a and 10-b are hereby amended to read as per Annex 1 and Annex 2, respectively. SECTION 8. This Circular shall take effect immediately. For the Monetary Board: (SGD.) JOSE B. FERNANDEZ, JR. Governor ANNEX 1 APPENDIX 10-a : LIST OF REPORTS REQUIRED FROM NON-STOCK SAVINGS AND LOAN ASSOCIATION A Major Reports Frequency of Deadline of CBP Form No. Subject of Reports Reporting Submission CBP 7-26-05H Consolidated Report Monthly Ten (10 calendar days on Required and after month-end Available Reserve Funds Against Deposit Liabilities 7-26-05.3H Investment in Securities Monthly Ten (10 calendar days (to accompany after month-end Consolidated Report on Required and Available Reserve Funds Against Deposit Liabilities) 7-26-05.3.1H Investment in Bonds Monthly Ten (10 calendar days and Other Debt after month-end Instruments (to accompany Consolidated Report on Required and Available Reserve Funds Against Deposit Liabilities) 7-26-02H Consolidated Statement Quarterly 30 days after end of of Condition each quarter 7-26-03H Consolidated Report of Quarterly 30 days after end of Income and Expenses each quarter 7-26-02.2H Consolidated Report of Quarterly 30 days after end of Investment in Loans each quarter and Discounts (to accompany Consolidated Statements of Condition) 7-26-18.1H Copy of entry in As approved Twenty (20) business NSSLA records of days from date of written approval of approval majority of directors on credit accommodation to directors and officers with accompanying Certification on Loans Granted to Directors/Officers Audited Financial Annually One hundred twenty Statements or (120) days after end publication thereof fiscal year (Publication or mailing of year-end financial statements) * B Minor Reports Report of Discrepancies Everytime a Fifteen (15) days from of Accounts discrepancy discovery of occurs discrepancy Certification as to the Annually Five (5) days after end Last Number of Board of calendar year Resolution Adopted Notice/Application for As write-off Thirty (30) days prior Write-off of Loans occurs to the intended date of write-off Report on Crimes/ As crime/ Forty-eight (48) hours Losses incident from knowledge of occurs the crime/incident. Complete report not later than 15 days from termination of investigation Duplicate of Board of Every Five (5) days after Directors' Resolution meeting date of resolution 7-26-25H Dividend Declaration As declared Ten (10) business days after the date of declaration 7-26-01H Information Sheet Annually Thirty (30) days after calendar year-end or 15 days after any change in information required under Section 4161N.c 7-26-01.1H Bio-data of Directors/ Annually Thirty (30) days after Officers calendar year-end or 15 days following creation or filling up of vacancy in Board of Directors, other bodies of Board or managerial staff Changes/Amendments As changes Fifteen (15) days after in Articles of occur approval of such Incorporation/By-Laws/ change(s) by the material documents Board of Directors required to be submitted to Central Bank Information required in As changes Fifteen (15) days Section 4161N.c (as occur after any change addendum to Information Sheet) Annual report of Annually One hundred twenty management of (120) days after end stockholders of fiscal year Consolidated Annual Annually One hundred twenty financial statements of (120) days after end NSSLAs and their allied of fiscal year undertakings/affiliates/ subsidiaries supported by individual financial statements of allied undertakings/affiliates/subsidiaries Board Resolution on As authorized Three (3) days from NSSLA's signatories to date of resolution the reports submitted to Central Bank ANNEX 2 APPENDIX 10-b : LIST OF REPORTS REQUIRED FROM BUILDING AND LOAN ASSOCIATIONS A Major Reports Frequency of Deadline of CBP Form No. Subject of Report Reporting Submission CBP 7-26-02I Consolidated Statement Quarterly Thirty (30) days after of Condition end of each quarter 7-26-03I Consolidated Statement Quarterly Thirty (30) days after of Income and Expenses end of each quarter 7-26-02.2I Supplementary Data on Quarterly Thirty (30) days after the Lending Operations end of each quarter of Building and Loan Associations (to accompany Consolidated Statement of Condition) Audited Financial Annually One hundred twenty Statements or publication (120) days after end thereof (publication or fiscal year mailing of year-end financial statements) * B Minor Reports 7-26-25I Report of Dividends On every Ten (10) banking days Declared declaration after date of dividend declaration 7-26-01I Information Sheet Annually Thirty (30) days after calendar year-end or 15 days after any change in information required under Section 4161N.c 7-26-01.1I Bio-data of Directors/ Annually Thirty (30) days after Officers calendar year-end or 15 days following creation or filling up of vacancy in Board of Directors, sub-bodies of Board or managerial staff of BLAs Report on Crimes/ As crime/ Forty-eight (48) hours Losses incident from knowledge of occurs crime or incident. Complete report not later than 15 days from termination of investigation Notice/Application for As write-off Thirty (30) days prior Write-Off of Loans and occurs to the intended date Advances of write-off Report of Discrepancies Everytime a Fifteen (15) days from of Accounts discrepancy discovery of occurs discrepancy Change/s and As changes Fifteen (15) days after amendment/s in Articles occur the approval of such of Incorporation/ change/s by the By-Laws material documents Board of Directors required to be submitted to Central Bank Information required in As changes Fifteen (15) days from Section 4161N.c (as occur date of change addendum to Information Sheet) Duplicate of Board of Every Five (5) days after Directors' Resolution meeting date of resolution Board Resolutions on As authorized Three (3) days from BLA's signatories to the date of resolution report submitted to Central Bank Annual report of Annually One hundred twenty management to (120) days after end stockholders of fiscal years Consolidated annual Annually One hundred twenty financial statements of (120) days after end BLAs and their allied of fiscal years undertakings/affiliates/ subsidiaries supported by individual financial statements of allied undertakings/affiliates/ subsidiaries Certification as to the Annually Five (5) days after last number of Board end of calendar year Resolution adopted Footnotes * for BLAs with total resources of P500,000.00 or more