Rules Regulating the Work of Credit Inquiry and Rating Companies, Information Exchange, Central Bank Control, and Licensing Procedures

The Central Bank of Egypt establishes rules for credit inquiry and rating companies, requiring a minimum paid-up capital of five million Egyptian pounds and licensing for activities involving credit file creation and scoring. The document defines credit files, data providers, and users, while mandating that companies collect data from authorized sources such as banks and public registries. It imposes strict obligations on data security, confidentiality, and the retention of inquiry and complaint records for at least two years, alongside a five-year retention period for negative historical information. The regulations also outline consumer rights to access reports and dispute inaccuracies, and define the Central Bank's supervisory framework over these entities.

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Credit Inquiry and Rating Companies
Rules for Exchanging Information and Data
And the Central Bank's Control System over These Companies

Organizing Rules *

The Board of Directors of the Central Bank of Egypt approved these rules in its session held on January 17, 2006 *

The Board of Directors of the Central Bank of Egypt previously approved on August 30, 2005 the rules, procedures, and conditions for licensing credit inquiry and rating companies *

And the rules, procedures, and conditions for licensing them

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Lineage: In force

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Source: Central Bank of Egypt — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works