Regulatory Alerts2017-09-11
Added · Updated
Circular No 14 of 2017 – Consumer Transfer Notice of Lapsed and Voluntary De-registered Debt Counsellors
The National Credit Regulator notifies registrants that debt counsellors who have lapsed or voluntarily de-registered are no longer authorized to provide services. The circular provides a list of these counsellors alongside the specific debt counsellors who have taken over their respective consumers. It further advises that the transfer process for consumers of lapsed counsellors is ongoing and that certain profiles have been split between two counsellors. Industry role players are urged to cooperate to ensure proper allocation of consumers to the new counsellors.
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