Amending Department of Finance Order No. 141-95, as Amended, Entitled "Revised Rules and Regulations for the Issuance, Placement, Sale, Service and Redemption of Treasury Bills and Bonds Under Republic Act No. 245, as Amended

November 27, 2015 DOF DEPARTMENT ORDER NO. 111-15 AMENDING DEPARTMENT OF FINANCE ORDER NO. 141-95, AS AMENDED, ENTITLED "REVISED RULES AND REGULATIONS FOR THE ISSUANCE, PLACEMENT, SALE, SERVICE AND REDEMPTION OF TREASURY BILLS AND BONDS UNDER REPUBLIC ACT NO. 245, AS AMENDED Chapter III (Method of Origination) Part A (Auction Method) Section 11 of Department Order No. 141-95, as amended, is hereby amended to read as follows: SECTION 11. Receipt and Processing of Tenders by the Bureau of the Treasury . All tenders received on time shall be deliberated upon immediately after the cut-off time set by the Auction Committee composed of the Secretary of Finance or any representative designated by him/her, as the Chairperson; the Treasurer of the Philippines, as the Vice Chairperson; the Undersecretary and Chief Economist of the Department, as Member or his/her duly authorized representative; the Director of the International Finance Group of the Department as Member or his/her duly authorized representative; the Deputy Treasurer of the Philippines In-Charge of Liability Management Operations as Member and who shall also act as the Executive Officer; the Deputy Treasurer of the Philippines In-Charge of the Asset Management Operations as Member, or their duly authorized representatives; the Deputy Governor for Monetary Stability Sector of the Bangko Sentral ng Pilipinas as Member or his/her duly authorized representative; the Assistant Governor of the Treasury Department of the Bangko Sentral ng Pilipinas as Member or his/her duly authorized representative; and the Director of the Markets and Securities Regulation Department of the Securities and Exchange Commission as Member or his/her duly authorized representative . At least four (4) members shall constitute a quorum to do business. The Auction Committee staff support shall be provided by the appropriate division of the Bureau of the Treasury. The Secretary of Finance may designate an additional member(s) in the Auction Committee as he may deem appropriate. This Order shall take effect on November 27, 2015. (SGD.) CESAR V. PURISIMA Secretary Department of Finance