Regulatory Alerts2021-01-01
Credit Information Act 2021
Enacted by the Parliament of Botswana, this Act establishes a comprehensive regulatory framework for credit bureaus under the direct supervision of the Bank of Botswana. It mandates a licensing and registration system for credit bureaus while imposing strict governance, data security, and disclosure obligations on both data providers and data users. The legislation guarantees data subjects the right to access, challenge, and receive notification of adverse actions regarding their consumer information, backed by robust complaint investigation procedures and administrative penalties for non-compliance.
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