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MP Kochkorov offers to license credit bureaus activities.

MP Ulugbek Kochkorov (Ata-Jurt faction) presented for public discussion the draft law on amendments to some legislative acts of Kyrgyzstan, which complements the list of activities subject to licensing, on March 12 during a plenary session of the Parliament.

The law on licensing system is invited to register licensing of credit bureaus, as well as to specify that particular licensing of credit bureaus is determined by the legislation on the exchange of credit information.

This bill is designed to implement the law on the exchange of credit information.

This law states that the act shall enter into force from the time of the entry into force of amendments to the law that incorporates the activities of credit bureaus in the list of activities subject to licensing.

Kochkorov also proposed to add a new article providing the possibility of banks and other financial and credit institutions of information constituting bank secrecy, the credit bureau to the law on bank secrecy.

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Publication:AKIpress News Agency
Date:Mar 13, 2015
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