MORNBFI Vol. 1 - Planters Development Bank

§§ 4192Q.3 - 4199Q09.12.31working days from receipt of call letter, inany newspaper of general circulation in thecountry in the prescribed format.The CSOC of a QB/trust entity and itssubsidiaries and associates shall conformwith the guidelines of PAS 27“Consolidated and Separate FinancialStatements”, except that for purposes ofconsolidated financial statements, onlyinvestments in financial allied subsidiariesexcept insurance subsidiaries shall beconsolidated on a line-by-line basis; whileinsurance and non-financial alliedsubsidiaries shall be accounted for usingthe equity method. Financial/non-financialallied/non-allied associates shall beaccounted for using the equity method inaccordance with the provisions of PAS 28“Investments in Associates”. For purposesof separate financial statements,investments in financial/non-financialallied/non-allied subsidiaries/associates,including insurance subsidiaries/associates, shall be accounted for usingthe equity method.a. The following information shall bedisclosed in the Statements of Condition:(1) Non-performing loans (NPLs) andratio to total loan portfolio;(2) Classified loans and other riskassets;(3) General loan loss reserve;(4) Specific loan loss reserve;(5) Return on equity (ROE);(6) DOSRI loans/advances and ratio tototal loan portfolio; and(7) Past due DOSRI loans/advancesand ratio to total loan portfolio.For uniform calculation of the additionalinformation required, the guidelines inAnnex Q-3-f of Appendix Q-3 shall beobserved.b. The names and positions/designations of:(1) members of the board of directors;and(2) president and executive vicepresidents(senior vice-presidents, if there areno executive vice-president) or equivalentpositions shall be presented in the right sidecolumn of the published SOC as of June ofevery year.O. PROMPT CORRECTIVE ACTIONFRAMEWORKSec. 4193Q (2008 - 4192Q) PromptCorrective Action Framework. Theframework for the enforcement of promptcorrective action (PCA) on banks which isin Appendix Q-40, shall govern the PCAtaken on QBs to the extent applicable, orby analogy.(Circular No. 523 dated 23 March 2006, as amended by CircularNo. 664 dated 15 September 2009)Sec. 4194Q (Reserved)P. (RESERVED)Secs. 4195Q - 4198Q (Reserved)Q. GENERAL PROVISION ONSANCTIONSSec. 4199Q General Provision onSanctions. Any violation of the provisionsof this Part shall be subject to Sections 36and 37 of R.A. No. 7653.The guidelines for the imposition ofmonetary penalty for violations/offenseswith sanctions falling under Section 37 ofR. A. No. 7653 on QBs, their directors and/orofficers are shown in Appendix Q-39.Q RegulationsPart I - Page 62Manual of Regulations for Non-Bank Financial Institutions