Rule 33. Branches, Extension Offices 

33.1.   Any issuer or general agent desiring to establish or operate a branch, extension office or unit, in any locality, may be so permitted upon prior approval by the Commission.

33.2.   Any change in address, closure or suspension of operation of said branch, extension office or unit shall require prior approval of the Commission.

33.3.   An issuer may be requested to put up additional capital for the establishment of branches, extension offices or units, in an amount to be determined by the Commission.

33.4.   Processing of applications for establishment, transfer or closure of  branch offices or extension offices shall be completed within eight (8) working days from receipt of complete application and payment of fees.

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