Financing Company Act of 1998

January 24, 2018

CORPORATE GOVERNANCE AND FINANCE DEPARTMENT

NOTICE

The Commission hereby requests comments on the attached draft Amended Implementing Rules and Regulations (IRR) of Republic Act No. 8556 or the Financing Company Act of 1998.

Please submit duly signed written comments on the exposure draft to the Corporate Governance and Finance Department of this Commission specifically those items that are underscored, within ten (10) days from the date hereof, by way of any of the following:

Letter

Corporate Governance and Finance Department
Ground Floor, North Wing Hall, Secretariat Bldg.
PICC Complex, Vicente Sotto St.
1307 Pasay City

Email

[email protected]; [email protected]; [email protected]

Fax No.

(02) 818-5990

All interested parties are requested to use the attached Comments Table in submitting comments and proposed revisions.

Issued on January 24, 2018.

ATTACHMENT

Comments on the Proposed Amended Implementing Rules and Regulations of the Financing Company Act of 1998

RULES

COMMENTS

PROPOSED REVISIONS

Section 1.b

"Branch" is a FIXED or IMMOVABLE place separate and outside the Head Office, where financing activities and business decisions conducted in the Head Office are likewise performed. This may also refer to an Extension Office, Agency, Satellite Office or Unit.

Section 1.c

"Off-site location"...

AIC Grande Tower Garnet Road
Ortigas Center, Pasig City
Metro Manila Philippines

Mobile No. +639451244898
digestph@gmail.com