Republic Acts1 min read
Section 9Sec./Art. 9
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Fit and Proper Rule. In order to maintain the quality of bank management and afford better protection to depositors, investors and the public in general, the Monetary Board shall prescribe, pass upon and review the qualifications of persons who are elected or appointed as directors or officers of Islamic banks and disqualify those found unfit. The Monetary Board shall prescribe the qualifications of bank directors and officers for purposes of this Act.
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