TongaNational Reserve Bank of Tonga Act, credit information systems
National Reserve Bank of Tonga Act [Cap 16.12], s. 59A (credit information systems)
In force.
A data brokers rule binding private bodies.
- Enforcement body
- National Reserve Bank of Tonga
- Instrument type
- an act of a legislature
- Obligation class
- Access restriction, Licensing
- Audit expectation
- none
What it requires
- If you hold information collected and maintained in a credit information system that collects and disseminates credit information among financial institutions, use it only to improve the quality of bank credit and in the National Reserve Bank of Tonga's supervision of financial institutions (s. 59A(2)).
- The National Reserve Bank of Tonga may regulate, license, register and supervise such credit information systems (s. 59A(1)).
These lines are LexLint's reading of the law's text.
What record it asks for
Logging duty
Section 59A lets the Bank license and supervise credit information systems and limits the use of the information they hold. It requires no log of access, names no audit and names no one who may demand a record.
- Kind
- None
- As of
What this law does
The National Reserve Bank of Tonga may regulate, license, register and supervise credit information systems that collect and disseminate credit information among financial institutions. Information collected and maintained in a credit information system may be used only to improve the quality of bank credit and in the Bank's supervision of financial institutions. Section 59A was inserted into the Act by Act 23 of 2014.
When LexLint raises it
When your app profile says your app provides financial services.
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