PD 71 Section 3

Section 3

SEC. 3. Section four of the same Act is hereby amended to read as follows: "SEC. 4. The determination of whether a person or an entity is (a) performing banking or quasi-banking functions or (b) engaged in other types of financial intermediation shall be decided by the Monetary Board subject to judicial review. The Board may, through the appropriate supervising department of the Central Bank, examine, inspect or investigate the books and records of such person or entity for the purpose of resolving the question."

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Other provisions in PD 71

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of July 4, 2026

CitationPD 71 Section 3 (LawPlayer, data as of July 4, 2026)

Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).

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