Regulatory Alerts2015-10-06
Law No. 6/2015 of October 6 – Private Management Credit Information System Law
The Assembly of the Republic enacted Law No. 6/2015 to establish and regulate Mozambique's Private Management Credit Information System, defining its operational framework, scope, and licensing requirements. The legislation mandates prior authorization from the Bank of Mozambique for establishing credit information centers, specifying non-transferable licenses and detailed application procedures. It further outlines license expiration conditions, data provider obligations, and the integration of a mandatory glossary to standardize regulatory terminology.
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