Regulatory Alerts2024-10-01
Added · Updated
Circular No. 13/M/18 on the Feeding and Consultation of the Information Exchange Centre
The Banque de la République du Burundi issued Circular No. 13/M/18 to regulate how microfinance institutions transmit and consult credit data within the Information Exchange Centre (CEI). The regulation mandates that institutions submit borrower debt and repayment history to the central bank within the first fifteen days of each month and consult the CEI before granting new credit. It further establishes strict security protocols for access codes and requires explicit borrower consent for the publication of credit information.
Topics
credit
privacy
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