SUBJECT:

AMENDMENTS TO THE GUIDELINES ON THE RETENTION AND DISPOSAL OF RECORDS/DOCUMENTS OF RURAL AND COOPERATIVE BANKS.

Pursuant to Monetary Board Resolution No. 659 dated 28 April 2011, amending the guidelines on the retention and disposal of records, particularly the reduced retention period of a certain records/documents and the deletion of the notice of requirement to the BSP relative to the disposal thereof, Appendix 50 of Manual of Regulations for Banks (MORB) on the Guidelines of Retention and Disposal of Records of Rural and Cooperative Banks is hereby amended as presented in the attached Annex A.

This Circular shall take effect fifteen (15) calendar days after publication either in the Official Gazette or in a newspaper c general circular.


FOR THE MONETARY BOARD:

(Sgd.) AMANDO M. TETANGCO, JR.
Governor
6 May 2011

See BSP CIRCULAR NO. 720 SERIES OF 2011 ANNEX A Appendix 50, "GUIDELINES ON RETENTION AND DISPOSAL OF RECORDS OF RURAL AND COOPERATIVE BANKS [Appendix to Subsec. 3191.9 (2008 - 3161.9)]" 108 OG No. 3, 293-297 (January 16, 2012)