Regulatory Alerts2018-03-22
Added · Updated
Notice No. 02/GBM/2018 of March 22 - Code of Conduct for Credit Institutions and Financial Companies
The Bank of Mozambique approves the Code of Conduct for Credit Institutions and Financial Companies, which establishes rules of conduct, minimum interaction standards with clients, and conflict resolution procedures. The Code mandates transparency in fees and terms, prohibits abusive clauses and practices, requires responsible credit assessment, and ensures data protection and priority service for vulnerable groups. It enters into force 30 days after publication.
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