ADVOKS GLOBAL · KENYA
The Banking (Credit Reference Bureau) Regulations
44. Functions of the Board
Edition: 2022-12-31 · In force
44. Functions of the Board
The functions of the Board shall be to—(a)establish the operations and information technology systems of the bureau;(b)ensure that the activities conducted by the bureau conform with the Act, the Microfinance Act (Cap. 493C), the Sacco Societies Act (Cap. 490B), these Regulations and any other relevant written law;(c)facilitate the appointment of a Chief Executive Officer and Chief Information Technology Officer for the bureau;(d)ensure that the bureau maintains an effective system of internal controls;(e)ensure that the bureau maintains customer complaints and inquiry service mechanisms to attend to customers who may be affected by the information contained in the database and who allege that the information is incomplete, inaccurate, erroneous or outdated;(f)ensure that the bureau has adequate staff to undertake its functions of and meet its customers' demands;(g)ensure that credit reports and credit scores generated by the bureau are accurate, complete and up to date, and not misleading; and(h)protect the integrity and confidentiality of data kept by the bureau.