Republic Act No. 6962

: A bank may acquire up to one hundred percent (100%) of the equity of a non-financial allied undertaking.
: The determination is based on the primary purpose as stated in its articles of incorporation and the volume of its principal business.
: Universal Banks (UBs), Commercial Banks (KBs), and Thrift Banks (TBs) may invest in equities of specified non-financial allied undertakings.
: Examples include warehousing companies, storage companies, and safe deposit box companies.
: No, they may invest in companies primarily engaged in the management of mutual funds but not in the mutual funds themselves.
: No, only Universal Banks (UBs) may invest in HMOs; Thrift Banks (TBs) are not mentioned as allowed to invest in HMOs.
: Data processing companies may be allowed to invest up to 40% in the equity of Service Bureaus.
: Examples include Philippine Clearing House Corporation (PCHC) and Philippine Central Depository, Inc. (PDIC).
: The Circular took effect immediately upon adoption on January 29, 2002.