MORNBFI Vol. 1 - Planters Development Bank

§ 4136Q.408.12.31Pending verification of abovementionedreport by the appropriate department of theSES, the QB concerned shall not make anyannouncement or communication on thedeclaration of cash dividends nor shall anypayment be made thereon.In any case, the declaration may beannounced and the dividends paid, if,after thirty (30) business days from thedate the report required herein shall havebeen received by the BSP, no adviceagainst such declaration has beenreceived by the QB concerned, subject tothe condition that the record date for suchdividends cannot be set earlier than thirty(30) business days after declaration.QBs whose shares are listed with anydomestic stock exchange may give noticeof cash dividend declaration in accordancewith pertinent rules of the SEC: Provided,That no record date is fixed for such cashdividend, pending verification of the report(Next page is Part I - Page 25)Manual of Regulations for Non-Bank Financial InstitutionsQ RegulationsPart I - Page 24a