CBP Circular No. 1237-90
CBP Circular No. 1237-90 • Bangko Sentral ng Pilipinas • Circulars • May 7, 1990
Full text
May 7, 1990 CBP CIRCULAR NO. 1237-90 ALLIED FINANCIAL UNDERTAKINGS WHEREIN COMMERCIAL BANKS AND EXPANDED COMMERCIAL BANKS MAY BE ALLOWED TO INVEST IN Pursuant to Monetary Board, in its Resolution No. 142.a. dated February 9, 1990, approved the amendment of Section 1377 of Book I of the Manual of Regulations for Banks and Other Financial Intermediaries so as to include as Item No. a.7 among the allied financial undertakings wherein commercial banks and expanded commercial banks may be allowed to invest in: >cdtai "7) Companies engaged in stock brokerage/securities dealer/broker." This Circular shall take effect immediately. FOR THE MONETARY BOARD: (SGD.) GABRIEL C. SINGSON Senior Deputy Governor
Ask what this means for your situation
The assistant quotes the passage it relies on and links the source, so you can check every figure it gives you.