Section 11Sec./Art. 11

Permitted Investors.-Any qualified buyer, as defined in Section 10.1 (1) of Republic Act No. 8799, otherwise known as "The Securities Regulation Code", may acquire or hold IUIs in a FISTC in the minimum amount of Ten million pesos (P10,000,000.00):Provided,That a FISTC shall not be authorized to acquire the IUIs of another FISTC:Provided,further,That the parent, subsidiaries, affiliates or stockholders, directors, officers or any related interest of the selling FE or the parent's subsidiaries, affiliates or stockholders, directors, officers or any related interest shall not acquire or hold, directly or indirectly, the IUIs of the FISTC that acquired the NPAs of teh FI.

ARTICLE III

TRANSFER OF ASSETS TO FISTC