Prescribed Authorization Form for Querying for the BSP Watchlist Files for Screening Applicants and Confirming Appointments of Directors and Officials

CIRCULAR LETTER NO. CL-2006- 046

To  :    All Banks and Non-Bank Financial Institutions (NBFI)

Subject : Prescribed Authorization Form for Querying for the BSP Watchlist Files for Screening Applicants and Confirming Appointments of Directors and Officials

Banks and NBFIs are hereby required to submit the prescribed authorization form to the appropriate supervision and examination department when querying the watchlist files of the BSP for the purpose of screening and hiring applicants and confirming elected directors and appointed officers. Attached Annex A is the prescribed form to be duly notarized and accomplished by each individual being queried by the bank/NBFI.

Securing the written authority of the concerned individual/s is in compliance with Subsection X143.5(c) and 4143.Q5(c) of the Manual of Regulation for Banks and Manual of Regulation for NBFIs, respectively, as amended by Circular No. 421 dated 08 March 2004.

For compliance.

NESTOR A. ESPENILLA, JR. Deputy Governor