Regulatory Alerts2022-07-08
Added · Updated
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 standards for the sharing and use of consumer credit data via credit reference agencies. The document outlines the regulatory framework and operational requirements for authorized institutions to ensure proper data handling and privacy protection. It serves as the current guideline superseding previous versions to maintain consistency in banking conduct and enforcement related to credit data.
Topics
privacy
credit
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