When the you will find wrong guidance acquiesced by this new PFIs otherwise emphasized of the borrowers, the new PFIs need certainly to fix all the details within a fair schedule of the sending brand new amendments in order to BNM.
One adjustment, modification, otherwise updating can just only be produced by the PFIs by themselves, except within the activities and therefore need intervention from the BNM predicated on a request by PFIs or consumers, and backed by related documentary research.
Since advice within CCRIS try obtained from a 3rd people and will not show the fresh new view regarding BNM about the fresh creditworthiness of the subject(s), BNM you should never imagine people accountability depending on the accuracy otherwise completeness of your information. But not, BNM will assist to resolve any grievance gotten of borrowers away from wrong credit pointers was able in the CCRIS.
Because the system officer, BNM will not change, modify, otherwise upgrade the credit recommendations managed in the CCRIS
The latest PFIs have to take notice of the banking privacy arrangements during the brand new statutes — specifically Central Lender regarding Malaysia Operate 2009, Monetary Attributes Work 2013, Islamic Monetary Properties Operate 2013, and Creativity Creditors Operate 2003 — and that prohibit her or him off divulging the circumstances of the individuals to help you an authorized but within the legally enabled facts instance for the the course of any judge proceedings between the debtor and also the PFI, if revelation are authorised not as much as people legislation, or whenever authorised to accomplish this, in writing, because of the borrower.
The fresh new legal provisions also have getting significant penalties getting unauthorised availability, discipline, or misuse of one’s guidance by the people class that was considering accessibility such as for example guidance, also BNM.
The usage credit reports within the PFIs is strictly regulated from the a policy document granted towards institutions by the BNM.
BNM including keeps monitoring of all wants credit reports of the PFIs, explaining as well as others whenever and you can which PFI and its officers enjoys expected the credit records or enjoys accessed the CCRIS database
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