MORNBFI Vol. 1 - Planters Development Bank

APP. Q-3909.12.31THE GUIDELINES FOR THE IMPOSITION OF MONETARY PENALTY FORVIOLATIONS/OFFENSES WITH SANCTIONS FALLING UNDER SECTION 37OF R. A. NO. 7653 ON QUASI-BANKS, DIRECTORS AND/OR OFFICERS(Appendix to Secs. 4199Q, 4299Q, 4399Q, 4499Q, 4699Q, 4799Q, 4899Q,4999Q, 4101N.1 and Circular No. 645 dated 13 February 2009)The schedule of penalty, categorized based on: (1) the nature of offenses such as minor,less serious, and/or serious, and (2) the assets size of the quasi-bank, shall be as follows:A. For Serious OffenseAsset SizePenaltyRangeMinimumMediumMaximumUp to P200millionP 5007501, 000Above P200million butnotexceedingP500 millionP 1, 0001, 5002, 000Above P500million butnotexceeding P1billionP 3, 0005, 0007, 000Above P1billion butnotexceedingP10 billionP 10, 00012, 50015, 000Above P10billion butnotexceedingP50 billionP 18, 00020, 00022, 000Above P50billionP 25, 00027, 50030, 000B. For Less Serious OffenseAsset SizePenaltyRangeMinimumMediumMaximumUp to P200millionP 300350400Above P200million butnotexceedingP500 millionP 600700800Above P500million butnotexceeding P1billionP 1, 0001, 2501, 500Above P1billion butnotexceedingP10 billionP 3, 0004, 0005, 000Above P10billion butnotexceedingP50 billionP 7, 0008, 50010, 000Above P50billionP 15, 00017, 50020, 000C. For Minor OffenseAsset SizePenaltyRangeMinimumMediumMaximumUp to P200millionP 150200250Above P200million butnotexceedingP500 millionP 300400500Above P500million butnotexceeding P1billionP 600700800Above P1billion butnotexceedingP10 billionP 1, 0001, 5002, 000Above P10billion butnotexceedingP50 billionP 3, 0004, 0005, 000Above P50billionP 6, 0008, 00010, 000For purposes of this Regulation, the following definition of terms shall mean:1. Serious Offense - This refers to unsafe or unsound quasi-banking practice. An unsafeor unsound practice is one (1) in which there has been some conduct, whether act oromission, which is contrary to accepted standards of prudent quasi-banking operationand may result to the exposure of the quasi-bank and its shareholders to abnormal riskor loss.Manual of Regulations for Non-Bank Financial InstitutionsQ RegulationsAppendix Q-39 - Page 1