MORNBFI Vol. 1 - Planters Development Bank

APP. Q-38b08.12.317. Undertake not to misuse the investor’s RoSS Account No. which may come intoits possession upon the creation of a Principal Securities Account for the investor oron previous transactions with the investor;8. Acquaint/apprise investors on the rules and procedure prescribed by the BTr inconnection with investment and trading of scripless government securities, includingbut not limited to coupon payment, redemption value/proceeds of the investor’ssecurities, legal encumbrances, and other relevant information relative to investor’ssecurity holdings. As a minimum, investors must be apprised of the Revised RoSSProcedure on Buy and Sell of Securities and recording of transfers through theRoSS-CIS facility found in the BTr website, with particular emphasis on the featureof non-tagging of securities to GSEDs, or non-exclusivity of the selling GSEDs forsubsequent transactions;9. Whenever designated as authorized agent, provide BTr upon reasonable request,all evidence of authority to transact on the securities issued by investor to suchauthorized agent;10. Whenever designated as authorized agent and/or settlement bank, ensureconfidentiality and prompt delivery of all notices and statements of securitiesaccount/s to investors;11. Ensure that all instructions transmitted to BTr concerning the securities accountof clients-investors are legal, valid and duly authorized pursuant to an agreement,a special power of attorney, or any written authority executed by the client-investorin favor of the dealer; and12. Disallow any increase in the securities holdings of clients recorded in its subaccountin the RoSS, with respect to clients who have either (a) declined in writingthe delivery of his/its securities to a direct registry account under his or its name ora third-party custodian or (b) have not responded to the Dealer’s letter to the investoras regards the disposition of his/its securities. The Dealer shall allow the client/investor to withdraw or sell, whether partial or total, from the said securities holdingsrecorded in the Dealer’s sub-account only upon written request/instruction by theinvestor/client: Provided, That in case of investors who have not responded to theDealer’s letter regarding the disposition of his/its securities, the Dealer should beable to obtain from such investor a written advice that he is neither willing to takedelivery nor have his securities delivered to a third-party custodian. The dealer shallfurnish BTr such written request/instruction prior to the execution of the transaction.Sec. 3. Cut Off Period. No transfer of securities shall be allowed (i) during the period oftwo (2) business days ending on (and including) the due date of any redemption paymentof principal and (ii) during the period of two (2) business days ending on (and including) thedue date of any coupon payment date (the “Closed Period”). BTr shall prevent any transferof the securities to be recorded in the RoSS during any Closed Period. Bondholders ofrecord as appearing in the RoSS as of the Closed Period will be treated by BTr as thebeneficial owners of such securities for any relevant payment.Manual of Regulations for Non-Bank Financial InstitutionsQ RegulationsAppendix Q-38b - Page 5