Regulatory Alerts2020-04-17
Credit Reference Bureau Regulations, 2020
The document outlines the Banking (Credit Reference Bureau) Regulations, 2020, which govern the establishment and operation of credit reference bureaus in Kenya. It details the licensing requirements, permitted activities, customer information sharing, and governance of bureaus. Bureaus must be licensed, maintain customer confidentiality, and adhere to security measures. Institutions and credit information providers have responsibilities regarding customer data. The Central Bank of Kenya oversees bureaus and can impose penalties for non-compliance.
Tags
governance
licensing
data
capital
operational
consumer
credit