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REMINDER: Tampering with this document is punishable under Sec.

22 Rule XIV of the Omnibus Rules Implementing Book V of Executive Order No. 292 otherwise known as “Administrative Code of 1987” and release of this document to
REMINDER: Tampering with this document is punishable under Sec. 22 Rule XIV of the Omnibus Rules Implementing Book V of Executive Order No. 292 otherwise known as “Administrative Code of 1987” and release of this document to
external party/ ies is subject to DBP Circular No. 20, Series of 2013.
external party/ ies is subject to DBP Circular No. 20, Series of 2013.

Circular No. 01 dated January 5, 2015 - Revised Rules on Filing Saln, Disclosure of Business Interests and Financial Connections, and the Creation of
SALN Review and Compliance Committee

January 5, 2015

CIRCULAR NO. 01

REVISED RULES ON FILING OF STATEMENT OF ASSETS, LIABILITIES AND NETWORTH (SALN),


DISCLOSURE OF BUSINESS INTERESTS AND FINANCIAL CONNECTIONS, AND
THE CREATION OF SALN REVIEW AND COMPLIANCE COMMITTEE

Pursuant to Republic Act No. 6713, otherwise known as the “Code of Conduct and
Ethical Standards for Public Officials and Employees,” all Bank personnel, including
those on temporary status except casual and contractual workers, are required to file
under oath their Statement of Assets, Liabilities and Networth (SALN), Disclosure of
Business Interest and Financial Connections including those of their spouses and
unmarried children under eighteen years of age.

A. Accomplishment of the Prescribed Form

As mandated under Civil Service Commission (CSC) Memorandum Circular (MC)


Nos. 7, series of 2004, CSC MC No. 10, s. 2006, as amended by CSC MC No. 3, s.
2013, and CSC Resolution Nos. 060231 dated 1 February 2006 and 1300173 dated
24 January 2013, and Office of the Ombudsman Memorandum Circular No.
95-13, public officers and employees are enjoined to submit upon assumption to
office and during such period as may be required by law, a declaration under
oath of their assets, liabilities and net worth (SALN).

B. Guidelines and Rules in Accomplishing the Revised Statement of Assets, Liabilities


and Net Worth (SALN) Form (Annex “A”)

1. Basic Information

a. Spouses who are both public officers and employees shall have
the option to file their SALN either jointly or separately. Bank
employees whose spouses are employed in other government
offices (except those legally separated or those with complete
separation of property) are encouraged to jointly file their SALN
either with the DBP or with the office of the spouse, on or before
the prescribed period, copies thereof must be filed in both
agencies where they are employed. For immediate identification,
married spouses who opt to file their statements jointly are
enjoined to tick the box with the word “Joint Filing” located at the
mid-upper portion of form.

b. In case the declarant is single or married but whose spouse is not in


the government service, he/shall tick off the box marked as "Not
Applicable."

Page 1 of 13

Sen. G. J. Puyat Ave. cor. Makati Ave., Makati City, Philippines, P.O. Box 1996, Makati Central Post Office 1200 (632) 818 9511; (632) 815 1612 Fax : (632) 812 8089 ● www.dbp.ph
REMINDER: Tampering with this document is punishable under Sec. 22 Rule XIV of the Omnibus Rules Implementing Book V of Executive Order No. 292 otherwise known as “Administrative Code of 1987” and release of this document to
external party/ ies is subject to DBP Circular No. 20, Series of 2013.

Circular No. 01 dated January 5, 2015 - Revised Rules on Filing Saln, Disclosure of Business Interests and Financial Connections, and the Creation of
SALN Review and Compliance Committee

c. In case of joint filing, all real and personal properties shall be


declared including their respective paraphernal and capital
property, if there are any.

d. The change of civil status of the declarant after December 31 of


the preceding year shall not affect the nature of the properties
declared.

e. The declarant shall provide information on his/her address.

f. Declarant must provide the information required for all his/her


unmarried children below eighteen (18) years of age and living in
his/her household, whether legitimate or illegitimate.

2. Assets, Liabilities and Net Worth

a. The SALN shall contain a true and complete declaration of assets,


liabilities and net worth, including a disclosure of business interests
and financial connections of the declarant, his/her spouse and
unmarried children below eighteen (18) years of age living in
his/her household. It shall also contain a disclosure of the
declarant's relatives within the fourth degree of consanguinity and
affinity who are in government service.

b. For purposes of convenience in the computation of net worth,


where the declarant's spouse has capital or paraphernal
properties or where the declarant's unmarried children below
eighteen (18) years of age living in his/her household have their
own properties, the declarant should declare the assets and
liabilities of his/her spouse on a separate sheet attached to the
SALN Form, see sample attached (Annex “A”). For purposes of
such declaration, the provisions in these guidelines shall likewise
apply.

c. Assets include those within or outside the Philippines, whether real


or personal, whether used in trade or business.

d. Assets refer to declarant's real and personal properties, including


those of his/her spouse and unmarried children below eighteen
(18) years of age living in his/her household.

Real Properties

e. Declaration of real properties shall include its description, kind,


location, year and mode of acquisition, assessed value, fair market
value, acquisition cost of land, building, etc. including
improvements thereon.

f. Real properties refer to properties which are immovable by nature.


For purposes of SALN, the kind of real properties are classified

Page 2 of 13

Sen. G. J. Puyat Ave. cor. Makati Ave., Makati City, Philippines, P.O. Box 1996, Makati Central Post Office 1200 (632) 818 9511; (632) 815 1612 Fax : (632) 812 8089 ● www.dbp.ph
REMINDER: Tampering with this document is punishable under Sec. 22 Rule XIV of the Omnibus Rules Implementing Book V of Executive Order No. 292 otherwise known as “Administrative Code of 1987” and release of this document to
external party/ ies is subject to DBP Circular No. 20, Series of 2013.

Circular No. 01 dated January 5, 2015 - Revised Rules on Filing Saln, Disclosure of Business Interests and Financial Connections, and the Creation of
SALN Review and Compliance Committee

according to their use, that is, residential, commercial, agricultural,


industrial, or mixed use and the like.

g. The declarant shall indicate a description of the real properties,


whether it is a land only or land with building, a house and lot,
condominium unit, or an improvement such as an extension or
garage, and the like.

h. Assessed value shall, for purposes of declaration in the SALN, refer


to the amount indicated in the tax declaration of the real
properties involved.

i. Fair market value shall, for purposes of declaration in the SALN,


refer to the amount indicated as market value in the tax
declaration of the real properties concerned.

j. Improvements refer to all works that are constructed or introduced


to the land, or repairs or improvements made to the land or
building after its initial acquisition.

k. In declaring an improvement to the land, the declarant may opt


to declare it separately or together with the land to which such
improvement is attached.

l. Acquisition cost is the amount of money paid to acquire or own


something. This shall also refer to the amount of expenses incurred
for improvements introduced on a real property. For purposes of
computing the declarant's net worth, the acquisition cost shall be
made the basis thereof.

m. The declarant shall indicate those real properties which are


already titled or registered under his/her name, the name of
his/her spouse or under the name of his/her unmarried children
below 18 years of age and living in the declarant's household.
However, real properties already covered by a deed of sale,
inherited or subject of an extra-judicial settlement of estate but not
yet titled under declarant's name shall also be disclosed.

n. In the case of properties received gratuitously, e.g., donation or


inheritance, no acquisition cost shall be declared. However, the
fair market value and the assessed value of said properties as
found in the tax declaration thereof must be declared.

Personal Properties

o. Declaration of personal properties shall include mode, year and


cost of acquisition, or the value or amount of said personal
properties.

p. Personal properties refer to jewelry, appliances, furniture, motor


vehicles and other tangible/movable properties. This shall also

Page 3 of 13

Sen. G. J. Puyat Ave. cor. Makati Ave., Makati City, Philippines, P.O. Box 1996, Makati Central Post Office 1200 (632) 818 9511; (632) 815 1612 Fax : (632) 812 8089 ● www.dbp.ph
REMINDER: Tampering with this document is punishable under Sec. 22 Rule XIV of the Omnibus Rules Implementing Book V of Executive Order No. 292 otherwise known as “Administrative Code of 1987” and release of this document to
external party/ ies is subject to DBP Circular No. 20, Series of 2013.

Circular No. 01 dated January 5, 2015 - Revised Rules on Filing Saln, Disclosure of Business Interests and Financial Connections, and the Creation of
SALN Review and Compliance Committee

include investments or other assets, such as cash on hand or in


bank, negotiable instruments, securities, stocks, bonds, and the
like.

q. Personal properties collectively acquired or are of minimal value


may be declared generally or collectively. In which case, the
declarant may write/indicate "various years" under the column for
Year Acquired.

r. Personal properties, such as cash on hand and in bank, as well as


stocks and the like, denominated in foreign currency shall be
converted into the corresponding Philippine currency equivalent,
at the rate of exchange prevailing as of December 31 of the
preceding calendar year.

s. The amount of money/cash in bank to be declared should be the


last balance as of December 31 of the preceding year.
t. In case of properties which are co-owned with other individuals,
the declarant shall disclose the proportionate amount of his share
in the property.

u. With regard to properties subject of a contract to sell, the amount


already paid shall be declared as personal property.

v. Properties which are subject of either a chattel or real estate


mortgage shall be declared in the SALN Form. The acquisition cost
to be declared shall be the actual purchase price, and the liability
to be declared shall be the outstanding balance of the loan as of
December 31 of the preceding year.

Liabilities

w. Under liabilities, the nature of liability, name of creditors and the


outstanding balance shall be indicated. The outstanding balance
shall refer to the amount of money that is still due as of December
31 of the preceding calendar year.

x. Liability refers to financial liability or anything that can result to a


transfer or disposal of an asset. It includes not only those incurred
by the declarant but also those of his/her spouse and unmarried
children below eighteen (18) years of age living in his/her
household.

y. Nature of liability refers to the type of loan obtained from banks,


financial institutions, GSIS, PAG-IBIG and others, such as personal,
multi-purpose, salary, calamity loan and the like.

z. Outstanding balance refers to the amount of money that one still


owes on the loan as of December 31 of the preceding calendar
year.

Page 4 of 13

Sen. G. J. Puyat Ave. cor. Makati Ave., Makati City, Philippines, P.O. Box 1996, Makati Central Post Office 1200 (632) 818 9511; (632) 815 1612 Fax : (632) 812 8089 ● www.dbp.ph
REMINDER: Tampering with this document is punishable under Sec. 22 Rule XIV of the Omnibus Rules Implementing Book V of Executive Order No. 292 otherwise known as “Administrative Code of 1987” and release of this document to
external party/ ies is subject to DBP Circular No. 20, Series of 2013.

Circular No. 01 dated January 5, 2015 - Revised Rules on Filing Saln, Disclosure of Business Interests and Financial Connections, and the Creation of
SALN Review and Compliance Committee

3. Computation of Net Worth

a. Net worth is the sum of all assets (real and personal) less total
liabilities.

b. In the case of real properties, the acquisition cost shall be used in


the computation of the net worth.

c. In the case of personal properties, the acquisition cost or


amount/value of money shall be used in the computation of the
total net worth.

d. Excluded from the computation of real and personal properties


are the properties of unmarried children below 18 years of age
living in the declarant's household.

e. If the spouse of the declarant is not a public officer or employee,


the latter's paraphernal or capital properties shall not be included
in the computation of the declarant's net worth.

f. Paraphernal property refers to the properties exclusively owned by


the wife.

g. Capital property refers to the properties exclusively owned by the


husband.

h. Community property refers to all the properties owned by the


spouses at the time of the celebration of the marriage or acquired
thereafter, subject to the exceptions provided for by law (Articles
91, Family Code of the Philippines). In the absence of any
marriage settlement, the property relations of the spouses shall be
governed by the rules on absolute community of property under
the Family Code of the Philippines.

The following are excluded from the community property:

(1) Property acquired during the marriage by gratuitous title by


either spouse, and the fruits as well as the income thereof,
if any, unless it is expressly provided by the donor, testator
or grantor that they shall form part of the community
property;

(2) Property for personal and exclusive use of either spouse.


However, jewelry shall form part of the community
property;

(3) Property acquired before the marriage by either spouse


who has legitimate descendants by a former marriage,
and the fruits as well as the income, if any, of such
property. (Article 92, Family Code of the Philippines)

Page 5 of 13

Sen. G. J. Puyat Ave. cor. Makati Ave., Makati City, Philippines, P.O. Box 1996, Makati Central Post Office 1200 (632) 818 9511; (632) 815 1612 Fax : (632) 812 8089 ● www.dbp.ph
REMINDER: Tampering with this document is punishable under Sec. 22 Rule XIV of the Omnibus Rules Implementing Book V of Executive Order No. 292 otherwise known as “Administrative Code of 1987” and release of this document to
external party/ ies is subject to DBP Circular No. 20, Series of 2013.

Circular No. 01 dated January 5, 2015 - Revised Rules on Filing Saln, Disclosure of Business Interests and Financial Connections, and the Creation of
SALN Review and Compliance Committee

i. Conjugal property refers to all properties acquired during the


marriage, whether the acquisition appears to have been made,
contracted or registered in the name of one or both spouses,
unless proven to be excluded (Article 116, Family Code of the
Philippines). This applies when the spouses agreed to be governed
by the rules on the conjugal partnership of gains under the Family
Code of the Philippines.

The following are conjugal partnership properties:

(1) Those acquired by onerous title during the marriage at the


expense of the common fund, whether the acquisition be
for the partnership, or for only one of the spouses;

(2) Those obtained from the labor, industry, work or profession


of either or both of the spouses;
(3) The fruits, natural, industrial, or civil, due or received during
the marriage from the common property, as well as the net
fruits from the exclusive property of each spouse;

(4) The share of either spouse in the hidden treasure which the
law awards to the finder or owner of the property where
the treasure is found;

(5) Those acquired through occupation such as fishing or


hunting;

(6) Livestock existing upon the dissolution of the partnership in


excess of the number of each kind brought to the marriage
by either spouse; and

(7) Those which are acquired by chance, such as winnings


from gambling or betting. However, losses therefrom shall
be borne exclusively by the loser-spouse. (Article 117,
Family Code of the Philippines).

Prior to the enactment of the Family Code of the Philippines in


1987, when there is no marriage settlement between the spouses,
their property relations are covered by the rules on conjugal
partnership of gains.

j. If the spouse of the declarant is a public officer or employee, but


who chose to separately file his/her SALN, his/her paraphernal or
capital properties shall not be included in the computation of the
declarant's net worth.

k. In case of joint filing, the total assets of the spouses shall include
their respective paraphernal or capital properties.

Page 6 of 13

Sen. G. J. Puyat Ave. cor. Makati Ave., Makati City, Philippines, P.O. Box 1996, Makati Central Post Office 1200 (632) 818 9511; (632) 815 1612 Fax : (632) 812 8089 ● www.dbp.ph
REMINDER: Tampering with this document is punishable under Sec. 22 Rule XIV of the Omnibus Rules Implementing Book V of Executive Order No. 292 otherwise known as “Administrative Code of 1987” and release of this document to
external party/ ies is subject to DBP Circular No. 20, Series of 2013.

Circular No. 01 dated January 5, 2015 - Revised Rules on Filing Saln, Disclosure of Business Interests and Financial Connections, and the Creation of
SALN Review and Compliance Committee

l. In case of joint filing, the declarant's total net worth and that of
his/her spouse shall be the difference between the total assets
(real and personal properties) less the total liabilities.

4. Financial Connections and Business Interests

a. The declarant, including that of his/her spouse and unmarried


children below eighteen (18) years of age living in declarant's
household, shall declare their existing interest or connection in any
business enterprise or entity, aside from income from government.
They shall also indicate the business address, nature of business
interest and/or financial connection, and date of acquisition of
interest or connection.

b. In case there are no existing business interests and financial


connections in any business enterprise or entity, the declarant shall
tick off the appropriate box in the form.

c. Business interests refer to declarant's existing interest in any business


enterprise or entity, aside from his/her income from government,
which shall also include those of his/her spouse and unmarried
children below eighteen (18) years of age living in his/her
household.

d. Financial connections refer to declarant's existing connections with


any business enterprise or entity, whether as a consultant, adviser
and the like, with an expectation of remuneration for services
rendered, including those of his/her spouse and unmarried
children below eighteen (18) years of age living in his/her
household.

e. Nature of business interest and/or financial connection refers to


existing interest or connection in any business enterprise, whether
as proprietor, investor, promoter, partner, shareholder, officer,
managing director, executive, creditor, lawyer, legal consultant or
adviser, financial or business consultant, and the like.

5. Relatives in the Government

a. The declarant shall disclose his/her relatives in the government


within the 4th civil degree of relationship, either by consanguinity
or affinity. The disclosure shall also state his/her relationship with the
relative, the position of the relative as well as the name of
office/agency and address.

b. In case the declarant and his/her spouse jointly file their SALN, they
shall indicate all their relatives within the fourth civil degree, either
by consanguinity or affinity, and shall include the above-
mentioned information.

Page 7 of 13

Sen. G. J. Puyat Ave. cor. Makati Ave., Makati City, Philippines, P.O. Box 1996, Makati Central Post Office 1200 (632) 818 9511; (632) 815 1612 Fax : (632) 812 8089 ● www.dbp.ph
REMINDER: Tampering with this document is punishable under Sec. 22 Rule XIV of the Omnibus Rules Implementing Book V of Executive Order No. 292 otherwise known as “Administrative Code of 1987” and release of this document to
external party/ ies is subject to DBP Circular No. 20, Series of 2013.

Circular No. 01 dated January 5, 2015 - Revised Rules on Filing Saln, Disclosure of Business Interests and Financial Connections, and the Creation of
SALN Review and Compliance Committee

c. In case the declarant has no relatives in the government within the


4th civil degree of relationship, either by consanguinity or affinity,
including bilas, inso and balae, the declarant shall tick off the
appropriate box in the form.

d. Affinity refers to the relationship of a husband to the blood relatives


of his wife, or a wife to the blood relatives of her husband.

e. Consanguinity refers to the relationship by blood from the same


stock or common ancestor.

f. Relatives in the government refer to the declarant's relatives up to


the 4th civil degree of relationship, either by consanguinity or
affinity, including bilas, inso and balae.

Relatives in the first degree of consanguinity include the


declarant's father, mother, son and daughter. Relatives in the first
degree of affinity include the declarant's father-in-law and
mother-in-law.
Relatives in the second degree of consanguinity include the
declarant's brother, sister, grandmother, grandfather, grandson
and granddaughter. Relatives in the second degree of affinity
include the declarant's brother-in-law, sister-in-law, grandmother-
in-law, grandfather-in-law, granddaughter-in-law and grandson-in-
law.

Relatives in the third degree of consanguinity include the


declarant's nephew, niece, uncle and aunt. Relatives in the third
degree of affinity include declarant's nephew-in-law, niece-in-law,
uncle-in-law, auntie-in-law.

Relatives in the fourth degree of consanguinity include the


declarant's first cousin.

g. Balae refers to a parent of the declarant's son-in-law or daughter-


in-law.

h. Bilas refers to a declarant's brother-in-law's wife or sister-in-law's


husband.

i. Inso refers to the appellation for the wife of an elder brother or


male cousin.

6. Other Matters

a. In order to prevent unauthorized insertions or pulling out of pages,


pagination shall read as page 1 of number of pages, page 2 of
number of pages, and so on.

b. In case of joint filing, the declarant and his/her spouse shall sign in
the spaces provided for just below the certification.

Page 8 of 13

Sen. G. J. Puyat Ave. cor. Makati Ave., Makati City, Philippines, P.O. Box 1996, Makati Central Post Office 1200 (632) 818 9511; (632) 815 1612 Fax : (632) 812 8089 ● www.dbp.ph
REMINDER: Tampering with this document is punishable under Sec. 22 Rule XIV of the Omnibus Rules Implementing Book V of Executive Order No. 292 otherwise known as “Administrative Code of 1987” and release of this document to
external party/ ies is subject to DBP Circular No. 20, Series of 2013.

Circular No. 01 dated January 5, 2015 - Revised Rules on Filing Saln, Disclosure of Business Interests and Financial Connections, and the Creation of
SALN Review and Compliance Committee

c. If the spouse is not a public officer or employee, the declarant


shall still cause him/her to sign the SALN.

d. In case of non-compliance with the signature of the spouse, an


explanation should be attached to the SALN Form for such non-
compliance.

e. The declarant is strictly required to fill all applicable information in


the SALN form. Otherwise, such items should be marked with "N/A"
or "not applicable."

f. Filling up of the form may be handwritten, computerized or


typewritten provided the signature of the declarant is original. The
declarant is required to write legibly if he chose to fill up the form
by handwriting.

g. Additional sheets may be used, if necessary. The additional sheet


shall indicate the name of the declarant, his/her position and
agency name, the year covered by the SALN, and which shall be
signed on each page.

h. No unnecessary markings shall be made on the form.

i. All pages of the SALN form must be signed by the filer and the last
page must be notarized.

C. Filing and Submission of SALN

1. All personnel shall prepare and accomplish three copies (all original) of
their SALN forms.

2. All Bank personnel must submit their duly accomplished SALN forms:

a. Within thirty (30) days after assumption of office, statements of


which must be reckoned as of his/her first day of service;

b. On or before April 30 of every year thereafter, statements of which


must be reckoned as of the end of the preceding year; and

c. Within thirty days (30) after separation from the service,


statements of which must be reckoned as of his/her last day of
office.

3. Head Office personnel shall file their respective duly accomplished SALNs
with the Human Resources Management Group (HRMG). On the other
hand, Branch and RMC personnel from NCR, Luzon, Visayas and
Mindanao shall file their duly accomplished SALNs with their respective
Branch Head or RMC Head.

Page 9 of 13

Sen. G. J. Puyat Ave. cor. Makati Ave., Makati City, Philippines, P.O. Box 1996, Makati Central Post Office 1200 (632) 818 9511; (632) 815 1612 Fax : (632) 812 8089 ● www.dbp.ph
REMINDER: Tampering with this document is punishable under Sec. 22 Rule XIV of the Omnibus Rules Implementing Book V of Executive Order No. 292 otherwise known as “Administrative Code of 1987” and release of this document to
external party/ ies is subject to DBP Circular No. 20, Series of 2013.

Circular No. 01 dated January 5, 2015 - Revised Rules on Filing Saln, Disclosure of Business Interests and Financial Connections, and the Creation of
SALN Review and Compliance Committee

D. Creation of SALN Review and Compliance Committee

In accordance with CSC Resolution No. 13004551, a SALN Review and


Compliance Committee (RCC) is hereby created to be composed of one
Chairperson and two Members, as follows:

Head, Human Resources Management Group - Chairperson


Head, Compliance Monitoring - Member
Head, Corporate Governance Office - Member
Human Resources Management Group - Secretariat

E. Duties of Heads of Branches

1. Upon submission of the accomplished SALNs forms by Branch personnel,


the Branch Heads shall conduct initial evaluation of the same whether
said forms have been properly accomplished.

A SALN is deemed properly accomplished when all applicable


information or details required therein are provided by the filer and
items not applicable to the filer should be marked N/A (not applicable).
Personnel who submitted their SALNs with incomplete data or who did not
submit their SALNs must be immediately notified and be required to
provide the lacking information or submit their SALNs within two days from
their receipt of a particular notice.

2. Accomplished SALNs of branch personnel must be submitted by the


Branch Heads to their respective RMC Heads on or before the 5th day of
May.

F. Duties of Heads of RMCs and the Head of HRMG

1. For SALNs submitted by RMC personnel and their respective ward


branches, the Heads of RMCs shall assist the Review and Compliance
Committee in conducting an initial and thorough evaluation of the SALNs
whether said forms have been properly accomplished in accordance
with these rules.

2. For SALNs submitted by Head Office personnel, the HRMG Head shall assist
the Review and Compliance Committee in conducting an initial and
thorough evaluation of the SALNs whether said forms have been properly
accomplished in accordance with these rules.

3. After the evaluation, the HRMG Head (for Head Office personnel) and
Heads of RMCs (for NCR, Luzon, Visayas and Mindanao personnel) shall
submit a list (Annex “B”) of employees in alphabetical order who:

a. Filed their SALNs with complete data;


b. Filed their SALNs but with incomplete data; and

1
Dated 4 March 2013.

Page 10 of 13

Sen. G. J. Puyat Ave. cor. Makati Ave., Makati City, Philippines, P.O. Box 1996, Makati Central Post Office 1200 (632) 818 9511; (632) 815 1612 Fax : (632) 812 8089 ● www.dbp.ph
REMINDER: Tampering with this document is punishable under Sec. 22 Rule XIV of the Omnibus Rules Implementing Book V of Executive Order No. 292 otherwise known as “Administrative Code of 1987” and release of this document to
external party/ ies is subject to DBP Circular No. 20, Series of 2013.

Circular No. 01 dated January 5, 2015 - Revised Rules on Filing Saln, Disclosure of Business Interests and Financial Connections, and the Creation of
SALN Review and Compliance Committee

c. Did not file their SALNs

to the Review and Compliance Committee, copy furnished the Civil


Service Commission, on or before May 15 of every year. The Secretariat of
the Committee shall ensure the timely submission of the foregoing list to
the Committee.

In any case, the number of personnel per sectoral offices must be


indicated in the list to serve as reference.

G. Duties of the SALN Review and Compliance Committee

1. The Review and Compliance Committee shall review the list of employees
submitted by the HRMG Head and Heads of RMCs containing the list of
personnel who filed their SALNs, who have incomplete data, or did not file
their SALNs.

2. Within five (5) days from receipt of the above-mentioned list, the Review
and Compliance Committee shall issue a Compliance Order requiring
those who have incomplete data in their SALNs to correct/supply the
desired information and/or to those who did not file/submit their
SALNs, to comply within a non-extendible period of thirty (30) days from
receipt of said Order.

3. After the lapse of the thirty (30) day period prescribed above, the Review
and Compliance Committee shall evaluate the compliance of those
personnel who were issued a Compliance Order. Thereafter, the
Committee shall issue a notice to the HRMG Head and Heads of RMCs
directing the transmittal of the original copies of SALNs to concerned
regulatory offices.

H. Transmittal of SALNs and Summary Report

After receipt of the above notice from the Review and Compliance Committee,
the Head of HRMG and Heads of RMCs shall transmit the original copies of SALNs
and pertinent Summary Reports, on or before June 30 of every year, to
concerned offices below.

1. To the Civil Service Commission (CSC)

For Head Office personnel and NCR Branch/RMC personnel, the HRMG
Head and Heads of RMCs concerned shall transmit all original copies of
the SALNs received, with a list of filers arranged in alphabetical order
using the attached summary report (Annex “C”), on or before June 30 of
every year, to:

The Civil Service Commission


Constitution Hills, Batasan Complex, Diliman,
Quezon City

Page 11 of 13

Sen. G. J. Puyat Ave. cor. Makati Ave., Makati City, Philippines, P.O. Box 1996, Makati Central Post Office 1200 (632) 818 9511; (632) 815 1612 Fax : (632) 812 8089 ● www.dbp.ph
REMINDER: Tampering with this document is punishable under Sec. 22 Rule XIV of the Omnibus Rules Implementing Book V of Executive Order No. 292 otherwise known as “Administrative Code of 1987” and release of this document to
external party/ ies is subject to DBP Circular No. 20, Series of 2013.

Circular No. 01 dated January 5, 2015 - Revised Rules on Filing Saln, Disclosure of Business Interests and Financial Connections, and the Creation of
SALN Review and Compliance Committee

2. To the Office of the Deputy Ombudsman

For Luzon Branches and RMC personnel, concerned RMC Heads shall
transmit all original copies of the SALNs received, with a list of filers
arranged in alphabetical order using the attached summary report
(Annex “D”), on or before June 30 of every year, to:

Office of the Deputy Ombudsman for Luzon


Agham Road, Diliman
Quezon City

For Visayas and Mindanao personnel, concerned RMC Heads shall


transmit all original copies of the SALNs received, with a list of filers
arranged in alphabetical order using the attached summary report
(Annex “E”), on or before June 30 of every year, to:

Office of the Deputy Ombudsman for Visayas


Department of Agriculture RO-7 Compound
M. Velez, St., Guadalupe
Cebu City

or

Office of the Deputy Ombudsman for Mindanao


4th Level, Herrera Bldg.,
Alvarez St., Davao City

3. To the Governance Commission for GOCCs (GCG)

In compliance with the requirement of the Inter-Agency Task Force on the


Harmonization of National Government Performance Monitoring,
Information and Reporting Systems (IATF)2, the President and CEO and the
Chairperson of the Review and Compliance Committee shall issue a
Certification of Compliance on SALN submission/filing using the attached
template (Annex “F”) to be submitted to the Corporate Governance
Office (CGO), on or before the deadline as prescribed by the IATF. List of
filers should also be submitted by the Review and Compliance Committee
to CGO using the attached template (Annex “F-1”).

4. For employees who have first assumed office or have been separated
from the service, the HRMG Head and RMC Heads shall prepare a
consolidated summary report certified by the HRMG or the RMC Head, for
submission to the CSC or to the Office of the Ombudsman/Deputy
Ombudsman, as the case may be. Said summary report, together with
the original copy of SALNs shall be submitted within fifteen (15) days
upon receipt of the SALNs.

2 Administrative Order No. 25, series of 2011.

Page 12 of 13

Sen. G. J. Puyat Ave. cor. Makati Ave., Makati City, Philippines, P.O. Box 1996, Makati Central Post Office 1200 (632) 818 9511; (632) 815 1612 Fax : (632) 812 8089 ● www.dbp.ph
REMINDER: Tampering with this document is punishable under Sec. 22 Rule XIV of the Omnibus Rules Implementing Book V of Executive Order No. 292 otherwise known as “Administrative Code of 1987” and release of this document to
external party/ ies is subject to DBP Circular No. 20, Series of 2013.

Circular No. 01 dated January 5, 2015 - Revised Rules on Filing Saln, Disclosure of Business Interests and Financial Connections, and the Creation of
SALN Review and Compliance Committee

5. The original copies of SALNs shall be distributed as follows:

Filer 1st Copy 2nd Copy 3rd Copy


President & CEO Office of the President HRMG 201 Filer’s
of the Philippines File copy
Head Office Civil Service HRMG 201 Filer’s
Personnel Commission File copy
NCR Personnel Civil Service HRMG 201 Filer’s
Commission File copy
Luzon Personnel Office of the HRMG 201 Filer’s
Deputy File copy
Ombudsman for Luzon
Visayas Personnel Office of the Deputy HRMG 201 Filer’s
Ombudsman for the File copy
Visayas
Mindanao Office of the Deputy HRMG 201 Filer’s
Personnel Ombudsman for File copy
Mindanao

I. Sanction for Failure to Comply

Failure of officers or employees to correct/submit their SALN in accordance


with the procedure and within the given period pursuant to the directive under
the Compliance Order shall be a ground for disciplinary action. Pursuant to the
DBP Implementing Guidelines of the Revised Rules on Administrative Cases
(Circular No. 24, series of 2013), the Head of Corporate Governance Office shall
issue a show-cause order directing the concerned employees to submit their
comment or counter-affidavit; and if the evidence so warrants, proceed with the
conduct of administrative proceedings pursuant to the said implementing
guidelines. The offense of Failure to File SALN is punishable under Section 1, Rule
XII thereof, with the following penalties:

1st offense - Suspension for one (1) month and one (1) day to six
(6) months

2nd offense - Dismissal from the service

Officers and employees who fail to comply within the thirty (30) day period
required under Item G.3 hereof or who submit their SALNs beyond the said period
shall be considered as not having filed their SALNs, and shall be also made liable
for the offense of Failure to File SALN with the same penalty as provided above.

This Circular supersedes Circular No. 2 dated March 5, 2007.

CERTIFIED COPY: GIL A. BUENAVENTURA


President and Chief Executive Officer

FVP DANNY E. BUNYI


Corporate Secretary
January 5, 2015
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Sen. G. J. Puyat Ave. cor. Makati Ave., Makati City, Philippines, P.O. Box 1996, Makati Central Post Office 1200 (632) 818 9511; (632) 815 1612 Fax : (632) 812 8089 ● www.dbp.ph
(For submission to the Review and Compliance Committee)

ANNEX “B”

DEVELOPMENT BANK OF THE PHILIPPINES


HEAD OFFICE/RMC- ______
(ADDRESS)

CERTIFICATION

This is to certify that the undersigned evaluated the accomplished Statement of


Assets, Liabilities and Networth (SALNs) of the following DBP employees and found that
the same were properly accomplished in accordance with the DBP Revised Rules on
Filing of SALNs, namely:

No. Name of Employee Position Salary Level Net Worth

This is to further certify that upon evaluation by the undersigned, the following
DBP employees have incomplete data in their submitted SALNs, namely:

No. Name of Employee Position Salary Level

The following DBP employees failed to submit their respective SALNs, namely:

No. Name of Employee Position Salary Level

_________________________________
(signature over printed name)
Head, HRMG/RMC
(For submission to the Civil Service Commission)

ANNEX “C”

DEVELOPMENT BANK OF THE PHILIPPINES


Summary List of Filers for the _________
Statement of Assets, Liabilities and Networth
Calendar Year _______

Name of
No. TIN Position Salary Level Net Worth
Employee

Prepared By: Certified Correct:

___________________________ ___________________________
Head, HRMG/RMC
(For submission to the Office of the Deputy Annex “D”
Ombudsman for Luzon for Luzon personnel)

DEVELOPMENT BANK OF THE PHILIPPINES


Statement of Assets, Liabilities and Networth
As of December 31, _______

Office __________________________________ Address ___________________________

NAME PRESENT Specific Number of ASSET/S LIABILITI NETWORTH


POSITION date years in ES
when Government
first Service
assumed
in Office

Prepared By: Certified Correct:

_________________________________ ___________________________________________
RMC Head
(For submission to the Office of the Ombudsman Annex “E”
For Visayas and Mindanao personnel)

DEVELOPMENT BANK OF THE PHILIPPINES


Assets, Liabilities and Networth Summary Report
Calendar Year _______

Office __________________________________ Address ___________________________

Number of
PRESENT
years in
NAME POSITION/ ASSETS LIABILITIES NETWORTH
Government
ANNUAL
Service

Prepared By: Certified Correct:

________________ ______________________________
RMC Head
(For submission to the Corporate Governance Office) ANNEX “F”

CDERTIFICATION OF COMPLIANCE
SALN Submission/Filing

This certifies that the DEVELOPMENT BANK OF THE PHILIPPINES fully satisfies the Statement
of Assets, Liabilities and Net Worth (SALN) requirement of the Performance-Based
Incentive System for Fiscal Year _____.

This also attests that all submissions of the agency concerned has substantially complied
with the minimum requisites for content and formalities prescribed under Republic Act
6713 and its Implementing Rules and Regulations, which are as follows:

a. Basic Information
b. Assets (Real Properties and Personal Properties)
c. Liabilities
d. Net Worth
e. Financial Connections and Business Interests
f. Relatives in the Government

This further certifies that out of _____ employees qualified for PBB under the 2013 PBIS
Guidelines, _____ employees have completed and filed their SALN as reflected below:

NO. OF EMPLOYEES
NO. OF WITH DULY ACCOMPLISHED AND PERCENTAGE OF
OFFICE EMPLOYEES SUBMITTED SALN COMPLIANCE (%)

The agency has forwarded/filed all SALNs with the appropriate receiving entity in
accordance with RA 6713 and its implementing rules and regulations.

IN WITNESS WHEREOF, we have hereunto affixed our signatures on the ____ day of ____
__________at (City/Municipality), Philippines

_____________________________________ __________________________________
Chairperson President and Chief Executive Officer
Review and Compliance Committee
(For submission to the Corporate Governance Office)

ANNEX “F-1”

DEVELOPMENT BANK OF THE PHILIPPINES


Summary List of Filers for the ______________
Statement of Assets, Liabilities and Networth
Calendar Year _______

No. Name of Employee Position Salary Level

Prepared By: Certified Correct:

___________________________ ___________________________
Head, HRMG

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