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23 Nat'l Admin. Reg. 1 (2012)

handle is hein.journals/nadmr23 and id is 1 raw text is: JANUARY- MARCH 2012      NATIONAL ADMINISTRATIVE REGISTER            1

BANGKO SENTRAL NG PILIPINAS
Circular No. 739, s. 2011
Amendment of Item 18 of Subsection X162.3
of the Manual of Regulations for Banks
Adopted: 26 October 2011
Date Filed: 26 January 2012

Pursuant to Monetary Board Resolution No. 1505 dated 6 October 2011, Item 18 of
Subsection X162.3 (Outsourcing of Other Banking Functions) of the Manual of Regula-
tions for Banks (MORB) is hereby amended to include Onsite Automated Teller Machines
(ATMs) in the outsourcing of ATM servicing function among the services that banks may
outsource to third-party service providers as follows:

xxx

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(18) Automated Teller Machine (ATM) servicing for offsite and onsite ATMs
which shall include the following.

xxx

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viii. Adopt minimum security measures including but not limited, to the
following: (for Onsite ATMs only)
* Servicing of ATMs shall be limited during business hours;
* Service providers will be given limited access to the bank premises,
when necessary, bank staff shall accompany service provider whenever
the latter services the ATMs; and
* ATM service area shall be equipped with CCTV system that will record
all occurrences in and around the machine

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This Circular shall take effect fifteen (15) days after publication in the Official Gazette
or in a newspaper of general circulation.

(SGD.) AMANDO M. TETANGCO, JR.
Governor

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JANUARY - MARCH 2012

NATIONAL ADMINISTRATIVE REGISTER

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