Tuesday, October 6, 2015 | FIRST SERIES — Number 79

REPUBLIC BULLETIN

OFFICIAL PUBLICATION OF THE REPUBLIC OF MOZAMBIQUE

SUPPLEMENT

NATIONAL PRESS OF MOZAMBIQUE, E.P.

NOTICE
The matter to be published in the «Republic Bulletin» must be submitted as a duly authenticated copy, one for each subject matter, containing, in addition to the necessary indications for this purpose, the following endorsement, signed and authenticated: For publication in the «Republic Bulletin».

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TABLE OF CONTENTS

Assembly of the Republic:

Law No. 6/2015:
Establishes the Private Management Credit Information System.

Law No. 7/2015:
Amends and republishes Law No. 24/2013 of November 1, which approves the Organic Law of Administrative Jurisdiction.

Law No. 8/2015:
Amends and republishes Law No. 14/2014 of August 14, which approves the Law on the Organization, Operation and Procedure of the Public Accounts Section of the Administrative Court.

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ASSEMBLY OF THE REPUBLIC

Law No. 6/2015
of October 6

Given the need to establish the legal framework governing the establishment and operation of entities providing credit and payment information management services under paragraph 1 of Article 179 of the Constitution, the Assembly of the Republic determines:

CHAPTER I

General Provisions

ARTICLE 1
(Object)

1. This Law establishes the Private Management Credit Information System in Mozambique and sets forth its operational rules.

2. The system referred to in paragraph 1 of this Article comprises the set of private management credit information centers, their operational processes, data providers, subscribers, and clients.

ARTICLE 2
(Scope of Application)

This Law applies to credit information centers, data providers, subscribers, and clients.

ARTICLE 3
(Definitions)

The definitions of the terms used in this Law are contained in the Glossary attached hereto, which forms an integral part hereof.

CHAPTER II

Licensing

ARTICLE 4
(Mandatory Licensing)

1. The establishment of credit information centers is subject to prior licensing by the Bank of Mozambique.

2. The license granted by the Bank of Mozambique is non-transferable and non-negotiable.

ARTICLE 5
(License Application)

1. The license application must be accompanied by documents proving:
   a) the suitability of the applicants; b) the financial capacity of the applicants, to ensure the stability of the Credit Information Center; c) the feasibility of the project.

2. The Regulations of this Law specify the information, documents, and procedures required for processing the license application.

ARTICLE 6
(License Expiry)

The license expires if:
a) the institution is not established within six months from the date of authorization; b) the institution does not commence operations within twelve months from the date of authorization; c) the applicants expressly waive it before the commencement of operations.

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(Continues on the following pages of the original document)