It is hoped that this codification of Central Bank rules and regulations will assist the Central Bank staff in the exercise of their work and thus contribute towards the further strengthening of the Philippine financial system.

July 11, 1975

MANUAL OF REGULATIONS ON THE SUPERVISION OF FINANCIAL INTERMEDIARIES

IMPORTANT

This Manual is a compilation in convenient form of all Bank Circulars, memoranda and other issuances in force, from January 1949 to June 1975, and is intended as a systematic guide for the user. However, should a conflict arise between any provision herein and the original text of the pertinent CB issuances, the latter shall prevail.

MESSAGE

Since the Central Bank of the Philippines started operations in January 1949, various attempts have been made to compile and/or codify the different issuances through which the Central Bank exercised its responsibility over the monetary and banking system of the Republic. These efforts proved to be largely unavailing. It is therefore with a sense of accomplishment that the Central Bank presents this compilation of Central Bank regulations which encompasses all its regulatory issuances and amendments, revisions, and repeals effected through the years and by now numbering more than a thousand. cdta

This work was undertaken by the Commission on the Supervision of Financial Intermediaries created by Monetary Board Resolution No. 40...

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