Regulatory Alerts2022-07-08
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 establish regulatory standards for authorized institutions regarding the sharing and use of consumer credit data. This policy mandates that institutions implement robust internal controls and governance frameworks when utilizing credit reference agencies to ensure data accuracy, security, and compliance with privacy obligations. It further requires institutions to maintain clear accountability and oversight mechanisms to mitigate risks associated with third-party data handling and consumer credit reporting.
CIR
Current
Issue Date:
08 Jul 2022
20220708-2-EN.pdf (236.7 KB)
Topic:
Banking Conduct & Enforcement - Credit Data Sharing
Internal Controls - Others
Group:
All Authorized Institutions
Directly related Document
Cross referenced Document
Version History
Superseded Document
Directly related Document
SPM-SGL
Archive
08 Jul 2022
IC-6 The Sharing and Use of Consumer Credit Data through Credit Reference Agencies
SPM-SGL
Archive
08 Jul 2022
IC-6 The Sharing and Use of Consumer Credit Data through Credit Reference Agencies
Cross referenced Document
Version History
Superseded Document
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