Manual of Regulations on the Supervision of Financial Intermediaries - 1975 Book V

1975MANUAL OF REGULATIONS ON THE SUPERVISION OF FINANCIAL INTERMEDIARIES - 1975 BOOK VTABLE OF CONTENTSPART 1. ORGANIZATION AND OPERATIONS IN GENERALSEC. 511 Capitalization 511.1 Minimum paid-up capital requirement 511.2 Capital to assets ratio 511.21 Computation of required minimum capital accounts 511.22 Definition/clarification of terms 511.23 Report on compliance 511.24 SanctionsSEC. 514 Branches, Agencies, Extension and Other OfficesSEC. 519 Sundry Provisions on Quasi-Banking Functions 519.1 Definition of quasi-banking functions 519.11 Elements of quasi-banking 519.12 Definition of terms and phrases 519.13 Transactions not considered quasi-banking 519.2 Pre-conditions for the exercise of quasi-banking functions 519.21 Minimum capitalization 519.22 Citizenship requirements 519.23 Managerial staff 519.3 Certificate of authority from the Central Bank 519.31 Procedural requirements 519.32. Submission and contents of borrowing-investment program 519.33 Operational and other agreements 519.34 Equity participation in applicant firmPART 2. MANAGEMENT AND ADMINISTRATIONSEC. 521 Directors 521.1 Definition of terms 521.2 Qualifications of a director 521.3 Disqualifications for directors 521.31 Disqualification procedures 521.4 Evaluation of the capability and integrity of the board and the managerial staff 521.5 Interlocking directorates and officershipsSEC. 522 Officers and Employees 522.1 ...