MORNBFI Vol. 1 - Planters Development Bank

APP. Q-2008.12.31date of reclassification, which shall not beon or later than 15 November 2008.Sec. III. Applicability to Trust InstitutionsThe guidelines shall likewise apply to trustinstitutions except for the followingaccounts:(a) UIT Funds; and(b) Pre-need, escrow and otheraccounts whose investments are regulatedby or require approval from otherregulatory agencies: Provided, That priorto the reclassification, the approval/consentand reflect the change in client'sinvestment profile in the revisedInvestment Policy Statement as providedin Appendix 83: Provided, further, That inthe case of managed retirement funds/employee benefit trust accounts, suchreclassification shall be aligned with theliquidity requirements resulting from thelatest actuarial valuation of the fund/account.Sec. IV. Reportorial Requirements. FIs thatreclassify financial assets out of the HFT/AFS categories shall submit a report onReclassification of Financial Assetsbetween Categories to the SupervisoryData Center, Supervision and ExaminationSector on or before 30 November 2008.(Circular No. 626 dated 23 October 2008 as amended by CircularNo. 628 dated 31 October 2008)Manual of Regulations for Non-Bank Financial InstitutionsQ RegulationsAppendix Q-20 - Page 11