Recognition of Persons Authorised to Receive Customer Information from Credit Bureau — Financial Institution

Status:

Revised Edition
published on 29 Feb 2004

Banking Act

(Chapter 19, item 7(b)(ii) in the second column of Part II of the Third Schedule)

Recognition of Persons Authorised to Receive Customer Information from Credit Bureau — Financial Institution

N 5

G.N. No. S 499/2002

REVISED EDITION 2004

(29th February 2004)

[25th September 2002]

The Monetary Authority of Singapore hereby recognises any financial institution falling within the description in paragraph 2 as authorised to receive customer information from a credit bureau, subject to the conditions specified in notices issued or otherwise imposed by the Authority.

2. In paragraph 1 —

“credit bureau” means a credit bureau referred to in Part III of the Third Schedule to the Act;

“financial institution” means any financial institution or class or classes of financial institutions approved by the Authority under section 28 of the Monetary Authority of Singapore Act (Cap. 186) for the purpose of carrying on business of issuing credit cards or charge cards.

[G.N. No. S 499/2002]

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