BSP CIRCULAR NO. 25

: It concerns changes in the reportorial requirements for Non-Stock Savings and Loan Associations (NSSLAs) as approved by the Monetary Board in Resolution No. 437 dated May 13, 1994.
: The Monetary Board of the Bangko Sentral ng Pilipinas approved the changes.
: NSSLAs with total resources of P10 million or less.
: The Annual Report of Management to Members and the Consolidated Annual Financial Statements of NSSLAs and their Allied Undertakings/Affiliates/Subsidiaries, along with individual financial statements of the allied undertakings/affiliates/subsidiaries.
: The reports deleted include: CBP 7-26-02.2H a Consolidated Report of Investments in Loans and Discounts; Certification as to the Last Number of Board Resolution Adopted; Duplicate of Board of Directors Resolutions; and the Information required in Section 4161 N.a (now Section 4161 S.b) as addendum to Information Sheet.
: No, Bio-Data and Information Sheets are no longer required if no change occurs.
: If the value does not exceed 0.5% of the NSSLA's net worth or P50,000, whichever is lower.
: When discrepancies do not exceed 1% of the NSSLA's net worth or P100,000, whichever is lower.
: The effectivity date is June 30, 1994.
: GABRIEL C. SINGSON, Governor of the Bangko Sentral ng Pilipinas.