Regulatory Alerts2013-01-01
Credit Reporting Regulations, 2013
The Central Bank of Lesotho issued these regulations to establish comprehensive registration criteria, reporting standards, and supervisory procedures for credit bureau operators. Registered bureaus must submit annual compliance reports, quarterly synoptic data on consumer credit standing and market activity, and monthly data supplier reports to ensure accurate, secure, and timely credit information filing. The Central Bank retains authority to assess submissions, issue compliance notices, vary registration conditions, and cancel registrations for repeated non-compliance, thereby safeguarding consumer rights and market integrity.
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