Regulatory Alerts2020-03-22
Fair Reporting of Credit Regulations 2016
The Attorney-General of Fiji issued the Fair Reporting of Credit Regulations 2016 to operationalize the Fair Reporting of Credit Act 2016 under the oversight of the Reserve Bank of Fiji. The regulations establish licensing and registration requirements for credit reporting agencies, information providers, and recipients, including specific fees, ten-year license terms, and strict disqualification criteria for directors and shareholders. They further mandate minimum reporting thresholds for overdue payments, annual compliance reporting, and impose penalties for non-compliance or false information.
Share