Regulatory Alerts2019-09-09
Regulation No. 27/2019 relating to the credit reporting system
The Central Bank of Rwanda issued Regulation No. 27/2019 to establish a comprehensive regulatory framework for credit reporting systems, mandating licensing procedures and a minimum paid-up capital of 100 million Rwandan francs for operators. The regulation defines governance structures, data standards, and reporting obligations while guaranteeing data subjects’ rights to consent, access, and review their credit information. It further outlines administrative and pecuniary sanctions for non-compliance by operators, data providers, and management personnel to ensure system integrity and consumer protection.
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