MORNBFI Vol. 1 - Planters Development Bank

APP. Q-2508.12.31final disposition of such action, suit orproceeding upon receipt of an undertakingby or on behalf of the member to repay theamount advanced should it be ultimatelydetermined that said member is not entitledto such indemnification.RULE 20SEPARABILITY CLAUSERule 20. Separability Clause. – If anyprovision of these Rules or the applicationthereof to any person or circumstance isheld to be invalid, the other provisions ofthese Rules, and the application of suchprovision or Rule to other persons orcircumstances, shall not be affected thereby.RULE 21REPEALING CLAUSERule 21. Repealing Clause. – All laws,decrees, executive orders, rules andregulations or parts thereof, including therelevant provisions of R.A. No. 1405, asamended; R.A. No. 6426, as amended;R.A. No. 8791, as amended, and othersimilar laws, as are inconsistent with theAMLA, are hereby repealed, amended ormodified accordingly.RULE 22EFFECTIVITY OF THE RULESRule 22. Effectivity. – These Rules shalltake effect after its approval by theCongressional Oversight Committee andfifteen (15) days after its completepublication in the Official Gazette or in anewspaper of general circulation.RULE 23TRANSITORY PROVISIONSRule 23.1. - Transitory Provisions. - Existingfreeze orders issued by the AMLC shallremain in force for a period of thirty (30) daysafter effectivity of this act, unless extendedby the Court of Appeals.Rule 23.2. - Effect of R.A. No. 9194 on Casesfor Extension of Freeze Orders Resolvedby the Court of Appeals. - All existing freezeorders which the Court of Appeals hasextended shall remain effective, unlessotherwise dissolved by the same court.Q RegulationsAppendix Q-25 - Page 26Manual of Regulations for Non-Bank Financial Institutions