The Regulatory Issuance (RI) No. 2015-01 on Computerized Records of Bank Deposits (attached) promulgated pursuant to Section 9(d)(1) of Republic Act 3591, as amended (the PDIC Charter), was published in the Manila Bulletin on 12 February 2015 and will take effect on 27 February 2015.

All member banks are enjoined to comply with the RI and to submit to PDIC on or before 30 March 2015 the documents specified in Section 3.2 of the RI, as follows:

1. Plan of Implementation for the requirements under Section 3.1 of the RI
2. Features of Systems Used for Computerized Database with cut-off date 28 February 2015.

The above documents must be submitted in hardcopy either by registered mail or personal delivery to:

       The Manager
       Insurance Department
       Philippine Deposit Insurance Corporation
       8/F SSS Building, 6782 Ayala Avenue cor V.A. Rufino St.
       226 Makati City

For inquiries and assistance, please contact the RI Help Desk at telephone numbers (02) 841-4206 and 841-4210.

In accordance with Section 4 of subject RI, non-compliance by member banks and/or any of its responsible directors, officers, employees or agents shall be subject to administrative fines pursuant to Section 21 (g) of the PDIC Charter, without prejudice to any civil or criminal liability of the concerned directors, officers, employees or agents of the bank.

For strict compliance.