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:

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