Extension of Deadline for Compliance of BSFI Clients with Subscriber Identity Module (SIM) Registration

BANGKO SENTRAL NG PILIPINAS OFFICE OF THE DEPUTY COVERNOR I PAYMENTS AND CURRENCY MANACEMENT SECTOR MEMORANDUM NO. M.2O23. OI7 All BSP-Supervised Financial Institutions (BSFls) Subject Extenslon of Deadline for Compliance of BSFI Clients with Subscriber ldentity Module (SlM) Registration Deadline for compliance with Republic Act No.11954 "Subscriber ldentity Module (SlM) Registration Act," has been extended by ninety (9O)days, from 26 April 2023 to 25 July 2023. Given this development and consistent with BSP Memorandum No. M-2023- Ol4 dated 22 April 2023, lhe BSP reiterates its call for BSFIs to take proactive measures to ensure that their clients are aware of and comply with the SIM registration requirement within the new prescribed deadline in order for their access to payments and financial services to proceed smoothly. For your information and guidance. l\a- MAMCRTO E.T Deputy G Ot May 2023