Regulatory Alerts2022-11-28
Added · Updated
Supervisory Policy Manual Module IC-6: The Sharing and Use of Consumer Credit Data through Credit Reference Agencies
The Hong Kong Monetary Authority sets the effective date for Supervisory Policy Manual Module IC-6 as 28 November 2022, coinciding with the launch of the Credit Reference Platform. Authorized Institutions are required to participate in the initial data load and validation processes to ensure a smooth transition to the Multiple Credit Reference Agencies Model. Institutions must also adhere to guidance issued by the Industry Associations, Platform Operator, and Business Operator of the Credit Reference Platform.
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