DFIM Circular Letter No. 11: Strengthening of security measures and ensuring fire fighting measures in financial institutions

Department of Financial Institutions and Markets Bangladesh Bank Head Office Dhaka. Ref No.: DFIM-Circular-11 DFIM Circular Letter No. 11 Managing Director / Chief Executive Officer All Financial Institutions operating in Bangladesh.

Dear Sir,

Regarding strengthening of security measures and ensuring fire fighting measures in financial institutions.

1. Reference is invited to DFIM Circular No. 03, dated: 14 May 2013 on the above subject.

2. Through the said circular, various instructions were issued to ensure structural security (structural safety) of financial institutions, along with various preparatory measures to deal with disasters, such as: arranging regular training on fire extinguisher and dealing with earthquakes and building collapses.

3. Recently, significant loss of life and property has been observed due to fire incidents in various places in the country. To prevent such fire incidents, financial institutions must ensure the installation of fire fighting measures in their offices. In this context, you are advised to follow the Fire Prevention and Suppression Act, 2003; the Fire Prevention and Suppression Rules, 2014; and the Fire Prevention and Suppression Rules, 2020, and to comply with the instructions of DFIM Circular No. 03, dated: 14 May 2013, with the aim of strengthening security measures and ensuring fire fighting measures.

4. This order is issued under the powers conferred by Section 18(c) of the Financial Institutions Act, 1993, and shall take effect immediately.

Yours faithfully,

(Md. Amir Uddin) Director (DFIM) Phone: 9530178

Date: 20 June 2023