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Mr. Rodolfo IN. Publico

SEC Opinion • Securities and Exchange Commission • Opinions • Jul 29, 1981

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July 29, 1981 Mr. Rodolfo IN. Publico President, Philippine Association of Finance Companies 5th Floor, V. Esguerra Bldg. II Amorsolo St., Legaspi Village Makati, Metro Manila Dear Mr. Publico: With reference to your letter of July 1, 1981, please be informed that the Monetary Board of the Central Bank of the Philippines initiated the formation of a committee that will study the proposed regulations on the leasing activities of financing companies and the SEC is represented in that committee. Rest assured that your participation in that study will be most welcome, since we, in the government sector believe that the industry alone is aware of the complexities and ramifications of the leasing operations. We do appreciate your trust and confidence in this Office. Very truly yours, (SGD.) ROSARIO N. LOPEZ Director Corporate and Legal Department

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