ADVISORY NO. 2
Series of 2020
TO : ALL EXISTING CREDIT SURETY FUNDS (CSFs) ESTABLISHED BY THE BANGKO SENTRAL NG PILIPINAS (BSP)
SUBJECT : EXTENDED REGISTRATION DEADLINE IN THE TIME OF COVID-19
DATE : SEPTEMBER 28, 2020
In recognition of the impact and the delays caused by the COVID-19 pandemic, and in support of the nationwide efforts to contain the further spread of this life-threatening virus, the Board of Directors, in its meeting held on September 2, 2020, resolved to further extend the deadline for registration of would-be CSF cooperatives from September 30, 2020, to December 31, 2020.
For your information and guidance.
(SGD)ORLANDO R. RAVANERA
Advisory No. 2