36. Duty to submit data to licensed credit bureau

Terms defined in s 2

• approved member

  approved member

  Defined · s 2

  “approved member”, in relation to a licensed credit bureau, means a member of the licensed credit bureau that is —(a)deemed to be an approved member of the licensed credit bureau under section 29(1); or(b)approved by the Authority under section 29(6)(a);

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• Authority

  Authority

  Defined · s 2

  “Authority” means the Monetary Authority of Singapore established under the Monetary Authority of Singapore Act 1970;

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• credit reporting business

  credit reporting business

  Defined · s 2

  “credit reporting business” means —(a)a business in Singapore (whether routine or recurrent) that involves preparing, providing or maintaining, for profit or gain, credit reports regardless of whether the primary function of the business is connected with credit reports;(b)the business of preparing, providing or maintaining credit reports on a routine, non‑profit basis as an ancillary part of a business carried on for profit or gain; or(c)any other business that may be prescribed;

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• data

  data

  Defined · s 2

  “data” means —(a)information relating to a person’s creditworthiness, including (to avoid doubt) customer information of a member of a licensed credit bureau; or(b)information relating to a person that is processed by a licensed credit bureau in the course of its credit reporting business,as the case may be;

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• licensed credit bureau

  licensed credit bureau

  Defined · s 2

  “licensed credit bureau” means a credit bureau that is for the time being licensed;

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