July 16, 2020
BSP MEMORANDUM NO. M-2020-058
TO | : | All Banks and Non-Bank Financial Institutions |
SUBJECT | : | Documentary Requirements for the Amendment of Articles of Incorporation/Articles of Cooperation and By-Laws |
Pursuant to Appendix 124 (Guidelines on Granting of License/Authority) of the Manual of Regulations for Banks (MORB), and in line with the commitment of the Bangko Sentral ng Pilipinas (BSP) to deliver prompt and efficient service, the Annex B (List of Documentary Requirements on the Amendment of Articles of Incorporation and/or By-Laws) and Annex C (List of Documentary Requirements on the Amendment of the Articles of Cooperation and/or By-laws of Cooperative Banks) of Circular Letter No. CL-2009-042 dated 14 May 2009 are hereby amended.
I. Basic documents required for the Amendment of Articles of Incorporation (AOI)/Articles of Cooperation (AOC) and/or By-Laws (BL) (All documents to be submitted must be in two copies and original except for Securities and Exchange Commission (SEC)-certified AOI and BL, and Cooperative Development Authority (CDA)-certified AOC and BL in the case of cooperative banks.
1. Application letter signed by an authorized officer 1...