Clause 81

by deleting item 7 of Part II and substituting the following items:“ 7. Disclosure is strictly necessary to —

create a credit report by a licensed credit bureau of which the bank is an approved member; or

enable a licensed credit bureau of which the bank is an approved member to make a disclosure under —

section 13(2)(b) of the Credit Bureau Act 2016; or

section 16 of the Credit Bureau Act 2016.(a)The licensed credit bureau;

Any —

approved member of the licensed credit bureau;

person the disclosure to whom is permitted by notice under section 13(2)(b) of the Credit Bureau Act 2016; or

third party under section 16(2)(b) of the Credit Bureau Act 2016, where the member, person or third party receives such information from the licensed credit bureau.(a)Deposit information must not be disclosed.(b)The disclosure by the licensed credit bureau to —

the member mentioned in paragraph (b)(i) of the second column is strictly necessary to enable the member to assess the creditworthiness of a customer of the member;

the person mentioned in paragraph (b)(ii) of the second column is in accordance with the conditions specified in the notice; or

the third party mentioned in paragraph (b)(iii) of the second column is made with the written consent of the data subject. 7A. Disclosure is for a purpose permitted in a notice in writing by the Authority under section 33(3)(d) of the Credit Bureau Act 2016.A licensed credit bureau of which the bank is an approved member.(a)Deposit information must not be disclosed.(b)The disclosure is in accordance with the conditions specified in the notice. ”;

by deleting the definition of “credit bureau” in Part III and substituting the following definitions:“ “approved member” has the same meaning as in section 2 of the Credit Bureau Act 2016;“credit report” has the same meaning as in section 2 of the Credit Bureau Act 2016;”; and

by inserting, immediately after the definition of “lawyer” in Part III, the following definition:“ “licensed credit bureau” has the same meaning as in section 2 of the Credit Bureau Act 2016;”.