Regulatory Alerts2023-05-22
Added
BRPD Circular Letter No. 17: Regarding Precautionary Measures to Ensure the Safety of the Business Centers of Banks
The Bangladesh Bank directs all scheduled banks operating in Bangladesh to strictly comply with the Fire Prevention and Suppression Act, 2003, the Fire Prevention and Suppression Rules, 2014, and the National Building Code, 2020, following recent fire incidents causing significant loss of life and property. Banks are advised to ensure the functionality of automatic and manual firefighting equipment through regular testing and to provide necessary training to all building occupants. Additionally, banks must organize regular fire drills and strengthen the safety of business centers in accordance with BRPD Circular Letter No. 07/2015, BRPD Circular Letter No. 06/2020, BRPD Circular Letter No. 03/2021, and existing regulations. This directive is issued under the authority granted by Section 45 of the Bank Company Act, 1991.