2024-05-15 04:02:15
This regulation will allow Morocco to realize the goals set by the nationwide monetary inclusion technique and can contribute to strengthening the authorized arsenal within the banking sector, able to enhancing high quality and facilitating entry for people and really small and medium-sized companies to financing, indicated the Minister of Economic system and Finance, Nadia Fettah, who offered the stated challenge.
Ms. Fettah additionally welcomed the constructive interplay of members of the Committee on Finance, Financial Improvement and Planning below the Home of Advisors with this textual content, specifically with the amendments made to articles 1, 8, 11, 26, 34, 37 and 44 of invoice n°01.22.
On this regard, the minister specified that these amendments purpose “to solely decide the character of the knowledge that may be collected, exchanged and processed by credit score info bureaus to realize the goals talked about within the draft of regulation” and “to legally regulate the method of modifying the standing of the credit score info workplace and to hyperlink it to acquiring prior authorization from Financial institution Al-Maghrib“.
Additionally, she continued, these amendments relate to the prohibition on firms approved within the area of debt restoration from changing into suppliers and customers of knowledge to a credit score info bureau, in addition to the halving the worth of the minimal tremendous supplied for in article 44, along with the adjustment to the authorized provisions at the moment in drive.
Notice that Regulation No. 01.22 regarding credit score info places of work issues “the circumstances for finishing up the exercise of credit score info places of work by defining the procedures for granting and withdrawing accreditation, in addition to the rights and obligations of credit score reporting bureaus, info suppliers and customers, together with acquiring prior written consent to share buyer information and the safety of non-public information.
It additionally issues the function of Financial institution Al-Maghrib as a supervisory physique for the actions of those info places of work, and the regime of disciplinary and prison sanctions.
2024-05-15 04:02:15