Republic Acts1 min read
Section 13Sec./Art. 13
Personal notes Saved on this device
0 / 5,000 charactersReport page issue
Answer First
Primary Text
Delegation of Rule-Making Powers and Compliance Reports. The Monetary Board is hereby authorized to issue such rules and regulations as may be needed to implement the provisions of this Act after consultation with the chairpersons of the Banks Committee of the House of Representatives and the Senate of the Philippines. On or before May 30 of each year, the Monetary Board shall file a written report to Congress and its respective Banks Committees, on the developments in the implementation of this Act.
Use With Care
Definitions and exceptions often appear before or after this text.
Court decisions may interpret, limit, or apply this provision.
Confirm amendment, repeal, effectivity, and official publication.