a.

Transfers or acquisitions, or a series thereof, of at least ten percent (10%) of the voting shares in banks or
quasi-banks shall require the prior approval of the Bangko Sentral.

This would ensure the financial and economic stability of banks and quasi banks as only those entities
and persons financially secured and of good repute may be approved as their heads by the Bangko
Sentral in its deliberations.

b. Ample protection is given to the Bangko Sentral against injunctive relief and temporary restraining orders.

Only the Court of Appeals and the Supreme Court can issue temporary restraining orders, preliminary
injunction or preliminary mandatory injunction against the Bangko Sentral for any action under R.A.
11211.

c. A reserve fund is to be established, whenever the Bankgo Sentral has income or positive surplus, to
mitigate future risks and to address other contingencies.

This is for the Bankgo Sentral to properly address possible prospective risks and contingencies.

d. Collaterals on loans and advances granted by the Bangko Sentral, whether or not the interest of the
Bangko Sentral is registered, shall not be subject to attachment, execution or any other court process or
administrative restrictions on land use, nor shall they be included in the property of insolvent persons or
institutions.

This gives proper security and protection to the Bangko Sentral to pursue debtors as regards loans and
advances issued by it.

e. The Bangko Sentral may prescribe, issue, place, buy and sell freely negotiable evidences of indebtedness
of the Bangko Sentral.

This will allow the Bangko Sentral in handling its financial reserve with greater flexibility.

f. The Bangko Sentral shall be exempt from all national, provincial, municipal and city taxes on income
derived from its governmental functions

This gives the Bangko Sentral more funds to pursue its governmental purposes.