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(1) The Bank shall carry out on-site inspection of the applicant’s premises to determine the adequacy of the applicant’s security system including

(a) suitability of the premises for credit bureau operations,

(b) separation of credit bureau operations from other business conducted by the applicant, and

(c) Adequacy of the applicant’s management information system, administrative and operational processes, internal control systems and information security systems.

(2) The Bank shall carry out security checks with the Police Service and other relevant security agencies to ascertain that a person who is proposed as an executive director or other employee of the applicant does not have previous criminal record relating to

(a) computer fraud,

(b) misuse of information, and

(c) other offences relating to security of information held by another person.