MORNBFI Vol. 1 - Planters Development Bank

§§ 4394Q.15 - 4399Q08.12.31misrepresentation in the certification andinformation required to be submitted to theBSP under this Subsection shall subjectthe QB and the officer or officersresponsible therefore, to the penaltiesprovided under Sections 35, 36 and 37 ofR. A. No. 7653.(Circular No. 518 dated 09 March 2006)K. MISCELLANEOUS PROVISIONSSecs. 4395Q - 4398Q (Reserved)L. GENERAL PROVISION ONSANCTIONSSec. 4399Q General Provision on SanctionsUnless otherwise provided for, any violationof the provisions of this Part shall be subjectto Sections 36 and 37 of R.A. No. 7653.The guidelines for the imposition ofmonetary penalty for violations/offenses withsanctions falling under Section 37 of R. A.No. 7653 on QBs, their directors and/orofficers are shown in Appendix Q-39.Manual of Regulations for Non-Bank Financial InstitutionsQ RegulationsPart III - Page 39