Please be advised that the Board in its meeting of February 15, 2000 approved the following:

1.      Limit to only once (1) requests for TEC revalidation

2.      Limit to only once (1 ) the number of times an export may request for amendment of TEC

3.      Limit to only once (1) requests for split or consolidated TEC's/Visas/Licenses

This Memorandum will take effect on March 1, 2000.

For strict compliance.

Adopted: 17 Feb. 2000

(SGD.) FELICITAS R. AGONCILLO-REYES
Executive Director