Preamble
"SEC. 6. Prohibitions.—Except as may be authorized by the Monetary Board, no director or officer of an Investment House shall concurrently be a director or officer of a bank, as defined in Section 2 of Republic Act No. 337, as amended: Provided, however, That in no event can a person be authorized to be concurrently an officer of an Investment House and of a bank except where the majority or all of the equity of the Investment House is owned by the bank. "No Investment House shall engage in banking operations as defined in Section 2 of Republic Act No. 337, as amended."