MORNBFI Vol. 1 - Planters Development Bank

§§ 4160Q.4 - 4174Q09.12.31§§ 4160Q.4 - 4160Q.9 (Reserved)§ 4160Q.10 (2008 - 4651Q.9) BatasPambansa Blg. 344 – An Act to Enhancethe Mobility of Disabled Persons byRequiring Certain Buildings, Institutions,Establishments and Public Utilities toInstall Facilities and Other Devices. Inorder to promote the realization of therights of disabled persons to participatefully in the social life and the developmentof the societies in which they live and theenjoyment of the opportunities availableto other citizens, no license or permit forthe construction, repair or renovation ofpublic and private buildings for public use,educational institutions, airports, sports andrecreation centers and complexes,shopping centers or establishments, publicparking places, workplaces, publicutilities, shall be granted or issued unlessthe owner or operator thereof shall installand incorporate in such building,establishment or public utility, sucharchitectural facilities or structural featuresas shall reasonably enhance the mobilityof disabled persons such as sidewalks,ramps, railings and the like. If feasible, allsuch existing buildings, institutions,establishments, or public utilities may berenovated or altered to enable the disabledpersons to have access to them.L. MANAGEMENT CONTRACTS ANDOUTSOURCING OF BANKINGFUNCTIONSSec. 4161Q (2008 - 4182Q) ManagementContracts. Subject to existing laws, allagreements whereby the affairs oroperations of a QB will be carried out byanother corporation, person or group ofpersons, shall be subject to prior approvalby the BSP.The agreements referred to in thepreceding paragraph shall not be enteredinto for a period longer than five (5) years.Existing agreements shall be allowed up tothe termination date thereof: Provided,however, That any renewal or extensionupon termination date shall be subject toapproval by the BSP.Sec. 4162Q (2008 - 4190Q) Duties andResponsibilities of Quasi-Banks and theirDirectors/Officers in All Cases ofOutsourcing of Quasi-Banking FunctionsThe rules on outsourcing of banking functionsas shown in Appendix Q-37 shall be adoptedin so far as they are applicable to QBs.(As amended by Circular Nos. 642 dated 30 January 2009, 610dated 26 May 2008, 596 dated 11 January 2008, 548 dated25 September 2006 and 543 dated 08 September 2006)Sec. 4163Q - 4167Q (Reserved)M. (RESERVED)Sec. 4168Q - 4172Q (Reserved)N. RISK MANAGEMENTSec. 4173Q (2008 - 4193Q) Supervision byRisks. The guidelines on supervision by riskto provide guidance on how QBs shouldidentify, measure, monitor and control risksare shown in Appendix Q-42.The guidelines set forth theexpectations of the BSP with respect to themanagement of risks and are intended toprovide more consistency in how the riskfocusedsupervision function is applied tothese risks. The BSP will review the risksto ensure that a QB’s internal riskmanagement processes are integrated andcomprehensive. All QBs should follow theguidance in their risk management efforts.(Circular No. 510 dated 19 January 2006)Sec. 4174Q (2008 - 4194Q) Market RiskManagement. The guidelines on market riskmanagement in Appendix Q-43 set forth theexpectations of the BSP with respect to themanagement of market risk and are intendedManual of Regulations for Non-Bank Financial InstitutionsQ RegulationsPart I - Page 47