The Presidents/ Chief Executives,
All Banks/ DFIs / MFBs.



Dear Sirs / Madams,

Guidelines on Compliance Risk Management (CRM)

Please refer to BPRD Circular No. 07 of 2017 and BPRD Circular Letter No. 19 of 2018 on the subject.

2.         In this regard, based on the representation of the banking industry, it has been decided to extend the timeline for implementation of certain requirements of the Guidelines, as under:

Requirements of the Guidelines	Revised Timelines
Regulatory Repository/RCSA/KRIs	April 2020
Compliance Risk Management System	March 2020

3. All other instructions on the subject shall, however, remain unchanged.