Regulatory Alerts2018-08-27 | 193/04Rule for Registration, Cancellation of Registration, and Regulation of a Credit Information Bureau in the National Bank of Georgia
The National Bank of Georgia issued Order №193/04 to approve the regulatory framework governing the registration, cancellation, and supervision of Credit Information Bureaus and Platforms. This Rule establishes mandatory capital requirements, professional liability insurance thresholds, and strict fitness criteria for administrators and significant shareholders to ensure financial stability and consumer protection. It further defines the National Bank's supervisory powers, including the authority to conduct audits, inspect operations, and enforce compliance with data security and operational standards.
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