January 3, 2013
SEC-MRD * OPINION
Capital Markets Integrity Corp.
Unit E-27th Floor, Tower 1 & Exchange Plaza
Ayala Ave., Makati City
Fax no. (632) 659-6001
Attention: Mr. Antonio Garcia, Jr.
President & CEO
SUBJECT : Policy Guidelines in the Absence or Resignation of Associated Persons
Gentlemen :
Please be informed that the Commission approved in its meeting on November 22, 2012 the following Policy Guidelines in the event the Associated Person (AP) resigns or is temporarily absent:
1. Each company shall amend its Written Supervisory Procedure Manual (WSP) stating its rules of procedures/precautionary measures in the absence of an AP, short or long term, particularly on its duties as provided for under SRC Rules 28.1 (4) (G) and 30.2 (6);
2. Should an AP file his leave of vacation purposes, the company shall notify the Commission, in writing, at least three (3) business days in advance;
3. Temporary/short leave for absence/s due to emergency, health, and other personal reasons not exceeding fifteen (15) calendar days, the company shall file within three (3) business days after the occurrence of the event;
4. Any leave of absence...
