MORNBFI Vol. 1 - Planters Development Bank

APP. Q-3308.12.31Information/Data RequiredDeadline for submissiontrust department, including copies ofadjusting entries on the reconcilingitems.Note: Please see pro-formacomparative analysis (Annex Q-33-a).3. LOC indicating the external auditor'sfindings and comments on the materialweakness noted in the internal controland risk management systems and otheraspects of operations.In case no material weakness is notedto warrant the issuance of an LOC, acertification under oath stating that nomaterial weakness or breach in theinternal control and risk managementsystems was noted in the course of theaudit of the bank shall be submitted bythe external auditor.Within thirty (30) calendar days aftersubmission of the FAR.For submission together with the FAR notlater than 120 calendar days after the closeof the calendar year or fiscal year adoptedby the bank.4. Copies of the board resolutions showingthe:a. Action taken on the FAR and, whereapplicable, on the certification underoath including the names of thedirectors, present and absent, amongother things; andb. Action taken on the findings andrecommendations in the LOC, and thenames of the directors present andabsent, among other things.Within thirty (30) banking days after thereceipt of the FAR and certification underoath by the board of directors.Within thirty (30) banking days after thereceipt of the LOC by the board of directors.5. In case of foreign banks with branchesin the Philippines, in lieu of the boardresolution:a. A report by the country head on theaction taken by management (headoffice, regional or country) on the FARand, where applicable, on theWithin thirty (30) banking days after thereceipt of the FAR and certification underoath by the country head.Q RegulationsAppendix Q-33 - Page 2Manual of Regulations for Non-Bank Financial Institutions