Definition of Related Interest for DOSRI Ceilings

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BSP CIRCULAR NO. 695: Definition of Related Interest for DOSRI Ceilings

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Title Source: Supreme Court: Definition of Related Interest for DOSRI Ceilings

Law: Bsp Circular No. 695

Decision Date: Oct 22, 2010

BSP Circular No. 695 amends the definition of "related interest" for DOSRI ceilings, clarifying the conditions under which bank directors or officers can engage with corporations they are affiliated with, particularly in relation to ownership and loan purposes.

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