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 issued Supervisory Policy Manual Module IC-6 to regulate how authorized institutions share and use consumer credit data via credit reference agencies. The policy establishes standards for the handling of such data to ensure proper conduct and enforcement within the banking sector. It serves as a direct regulatory guideline for all authorized institutions regarding their participation in commercial credit reference systems.
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