Regulatory Alerts2024-06-28
Added · Updated
Standard Contract for Cross-boundary Flow of Personal Information involving Transfer of Credit Data through Credit Reference Agencies
The Hong Kong Monetary Authority issued this standard contract to regulate the cross-border transfer of personal credit data via credit reference agencies. It establishes mandatory contractual terms for authorized institutions to ensure compliance with data protection standards when sharing consumer and commercial credit information. This document serves as a direct implementation mechanism for the supervisory policies outlined in SPM modules IC-6 and IC-7 regarding the sharing and use of credit data.
CIR
Current
Issue Date:
28 Jun 2024
20240628-1-EN.pdf (249.9 KB)
Topic:
Banking Conduct & Enforcement - Credit Data Sharing
Group:
All Authorized Institutions
Directly related Document
Cross referenced Document
Version History
Superseded Document
Directly related Document
SPM-SGL
Current
12 Jun 2026
IC-6 The Sharing and Use of Consumer Credit Data through Credit Reference Agencies
SPM-SGL
Current
30 Dec 2022
IC-7 The Sharing and Use of Commercial Credit Data through a Commercial Credit Reference Agency
Directly related Document
SPM-SGL
Current
12 Jun 2026
IC-6 The Sharing and Use of Consumer Credit Data through Credit Reference Agencies
SPM-SGL
Current
30 Dec 2022
IC-7 The Sharing and Use of Commercial Credit Data through a Commercial Credit Reference Agency
Version History
Superseded Document
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