2019-05-29 | 855750209

Banking Circular No. 5 of 2019 - Rollout of New DST V4

The Central Bank of Kenya is updating the Data Specification Template for sharing credit information with Credit Reference Bureaus to Version 4, addressing challenges with non-traditional forms of credit like digital loans. The new template will be mandatory for all authorized credit information providers from June 1, 2019, with a three-month transition period allowed for institutions to make necessary arrangements. Institutions failing to comply with the new reporting requirements will face remedial action as per the Credit Reference Bureau Regulations, 2013.

Kenya

Central Bank of Kenya

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