[ BSP CIRCULAR NO. 739, S. 2011, October 26, 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
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 xxx xxx
(18) Automated Teller Machine (ATM) servicing for offsite and onsite ATMs which shall include the following.
xxx xxx xxx
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
xxx xxx xxx
(18) Automated Teller Machine (ATM) servicing for offsite and onsite ATMs which shall include the following.
xxx xxx xxx
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
xxx xxx xxx
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
Governor