Escolar Documentos
Profissional Documentos
Cultura Documentos
1/
Documentary Requirements to be Submitted to BSP for the Election/Appointment of Directors/Officers of Banks, QBs, NBFIs with Trust Authority and Trust Corporations
Requiring BSP Confirmation2/
Directors
6/
a.
b.
7/
Page 1 of 2
Directors
a.
1/ To be submitted within ten (10) banking/business days from date of election/re-election/appointment/promotion to the appropriate department of the SES. For interlocks requiring Monetary Board approval, the following shall be
submitted:(a) Letter-request for Monetary Board approval with justification; and (b) Bio-data.
2/Including those exempted from the required BSP confirmation as provided in Subsec. X141.4/4141Q.4 of the MORB/MORNBFI and Item 12 of Section 9 of Circular No. 710 dated 19 January 2011 for trust corporations.
3/ E.g., Internal Auditor, Security Officer, Head/In-Charge of E/FCDU Operations, and Head/In-Charge of Import and Export Financing Operations (for TBs),
4/ No documentary requirements to be submitted to the BSP
5/ Authorized signatory is the President of the institution, except for appointment of President, in which case the authorized signatory shall be the Chairman of the Corporate Governance Committee or of the Board of Directors, as may
be applicable. For those exempted from the required BSP confirmation as provided in Subsec. X141.4/4141Q.4 of the MORB/MORNBFI and Item 12 of Section 9 of Circular No. 710, submit letter-notice to the BSP, in lieu of letterrequest for BSP confirmation, signed by the aforementioned authorized officer with an affirmative statement that the institution has conducted a fit and proper test on the director/officer concerned.
6/ In case of foreign bank branches, consularized letter of appointment of the officer concerned from the Head Office and/or Regional Office
7/ In case of foreign bank branches, letter of appointment from the Country Head
Page 2 of 2
Annex B
DEADLINE
Position
Directors:
Annex C
Page 1 of 6
UBs/KBs
Page 20
Category
Form No.
MOR Ref.
Report Title
A-2
Unnumbered (no
prescribed form)
X141.9
Certification under oath of directors that they have received copies of the
general responsibility and specific duties and responsibilities of the board
of directors and of a director and that they fully understand and accept
the same
Frequency
Submission Deadline
Submission Procedure
Page 25
UBs/KBs (con't)
X144
Annex C
Page 2 of 6
Form No.
MOR Ref.
Report Title
Frequency
X144
Duly accomplished and notarized authorization form for querying the BSP
watchlist files
Upon election or
appointment/promotion
as first time
director/officer within a
bank or banking group
X144
Upon election
X141.9
X144
Annually
Submission Deadline
Submission Procedure
Page 26
TBs
Unnumbered
Annex C
Page 3 of 6
Form No.
MOR Ref.
Report Title
Frequency
Submission Deadline
Submission Procedure
A-2
Unnumbered (no
prescribed form)
X141.9
Certification under oath of directors that they have received copies of the
general responsibility and specific duties and responsibilities of the board
of directors and of a director and that they fully understand and accept
the same
SES II Form 15
(NP08-TB)
X144
Page 63
B
TBs (con't)
Page 63
Category
Form No.
MOR Ref.
Report Title
Frequency
Submission Deadline
Submission Procedure
Annex C
Page 4 of 6
X144
Duly accomplished and notarized authorization form for querying the BSP
watchlist files
Upon election or
appointment/promotion
as first time
director/officer within a
bank or banking group
X144
Upon election
X141.9
X144
Annually
Page 64
RBs
Page 90
Unnumbered
(NP09-TB)
Annex C
Page 5 of 6
Form No.
MOR Ref.
Report Title
A-2
Unnumbered (no
prescribed form)
X141.9
Certification under oath of directors that they have received copies of the
general responsibility and specific duties and responsibilities of the board
of directors and of a director and that they fully understand and accept
the same
Frequency
Submission Deadline
Submission Procedure
RB/COB Form 18
X144
Page 97
B
RBs (con't)
Page 97
Category
Form No.
MOR Ref.
Report Title
Frequency
Submission Deadline
Submission Procedure
Annex C
Page 6 of 6
X144
Duly accomplished and notarized authorization form for querying the BSP
watchlist files
Upon election or
appointment/promotion
as first time
director/officer within a
bank or banking group
X144
Upon election
X141.9
X144
Annually
Page 98
RB/COB Form 25
Annex D
Page 1 of 2
QBs
Page 2
Category
Form No.
MOR Ref.
Report Title
A-2
Unnumbered (no
prescribed form)
4141Q.9
Certification under oath of directors that they have received copies of the
general responsibility and specific duties and responsibilities of the board of
directors and of a director and that they fully understand and accept the
same
Frequency
Submission Deadline
Submission Procedure
SES II Form 15
(NP08-TB)
4144Q
Upon every
election/re-election
or appointment/
promotion or if
change in name
occurs, or if
requesting for
approval of interlocks
Duly accomplished and notarized authorization form for querying the BSP
watchlist files
Upon election or
appointment/
promotion as first
time director/
officer within a QB or
NBFI with trust
authority or banking
group
Page 11
B
4144Q
Annex D
Page 2 of 2
QBs (con't)
Page 11
Category
Form No.
MOR Ref.
Report Title
Frequency
Submission Deadline
Submission Procedure
4192Q
Upon election
4141Q.9
Upon every
election/re-election
or
appointment/promoti
on
Annually
Page 7
B
Unnumbered
4144Q
Annex E
Page 1 of 1
Form No.
MOR Ref.
Report Title
Frequency
Submission Deadline
SES II Form 15
(NP08-TB)
4145N
Upon every
election/re-election
or
appointment/promoti
on or if change in
name occurs
4145N
Duly accomplished and notarized authorization form for querying the BSP
watchlist files
Upon election or
appointment/promoti
on as first time
director/officer
within an FI
4145N
Annually
Unnumbered
Submission Procedure
Hard copy to appropriate department of
the SES
Appendix S-2 - Reports Required from Non-Stock Savings and Loan Associations
Annex F
Page 1 of 1
Form No.
MOR Ref.
Report Title
SES II Form 15
(NP08-TB)
4147S
41475S
Duly accomplished and notarized authorization form for querying the BSP
watchlist files
Upon election or
appointment/
promotion as first
time trustee/
officer within an
NSSLA
4147S
Annually
Unnumbered
Frequency
Submission Deadline
Submission Procedure
Hard copy to appropriate department of
the SES