Regulatory Alerts2005-01-01
Financial Institutions (Credit Reference Bureaus) Regulations, 2005
The Central Bank of Uganda issued these regulations to establish licensing, operational standards, and data management requirements for credit reference bureaus. Licensed entities must collect and disseminate accurate positive and negative credit information, maintain secure databases for at least ten years, and charge fees agreed upon with financial institutions. By enforcing strict quality control, confidentiality, and supervisory reporting, the framework reduces information asymmetry, mitigates borrower over-indebtedness, and strengthens national financial stability.
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