Nomination of a Private Sector Representative to the MNRC for the Years 2023 to 2026

September 29, 2022 MICROFINANCE NGO REGULATORY COUNCIL NOMINATION OF A PRIVATE SECTOR REPRESENTATIVE TO THE MNRC FOR THE YEARS 2023 TO 2026 NOTICE WHEREAS , Rule 3, Section 1.b. of the Implementing Rules and Regulations (IRR) of Republic Act No. 10693, otherwise known as the Microfinance NGOs Act , provides that "[t]he three (3) representatives from the Microfinance NGO Sector shall be chosen by at least a majority of the permanent members of the Microfinance NGO Regulatory Council (MNRC or Council) from among the nominees of organizations, associations, and alliances of Microfinance NGOs duly registered with the Securities and Exchange Commission (SEC)." WHEREAS , the same provision states that "[n]ominations for the succeeding years shall be conducted at least sixty (60) days prior to the expiration of the term of the incumbent representatives." WHEREAS , the term of the incumbent representatives shall expire on 27 January 2023 . In view of the foregoing , the organizations, associations, and alliances of Microfinance NGOs duly registered with the SEC are directed to nominate qualified individuals to serve as representatives of the Microfinance NGO Sector to the Council for the term 2023 to 2026, subject to the procedure for nomination and minimum qualifications set by the IRR of the Microfinance NGOs Act, and within sixty (60) days from the issuance of this notice. Nominations and the Nomination Procedure shall be sent to the official MNRC Secretariat email address: [emailprotected] pursuant to the schedule below: Submission Due Date Nomination Procedure 29 October 2022 Private Sector Representative Nominations 28 November 2022 September 29, 2022, Makati City. (SGD.) RYZPAH R. CAPICIO Secretary