Regulatory Alerts2019-03-01
Instruction No. 1/GR/2019 on the Regulation of Participation in the Credit Information Exchange System
The Central Bank of Mauritania issued Instruction No. 1/GR/2019 to establish the regulatory framework for financial actors' participation in the Credit Information Exchange System. The instruction mandates that credit institutions collect prior written consent, submit and share client credit data with the Credit Information Bureau (BICR), and ensure accurate, confidential handling of sensitive personal information. It further defines consumer rights, establishes strict timelines for data correction and dispute resolution, and grants the Central Bank supervisory and disciplinary powers to enforce compliance and technical security standards.
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