Transitional provisions

These specific provisions of the guidelines are subject to the following transitional arrangements, though competent authorities may accelerate this transition at their own discretion:

In relation to Section 8, if institutions do not have all the relevant information and data, as specified in these guidelines, to be used for the monitoring of existing borrowers or credit facilities granted before the application date, institutions should collect missing information and data until 30 June 2024, through regular credit review of borrowers, as set out in these guidelines.