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Date: 2024-04-30 Category: Not Applicable State: Union Government Country: India

Credit Information Companies (Amendment) Regulations, 2021

Issued by Reserve Bank of India · Not Applicable

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Executive Summary & Key Takeaways

**Executive Summary** This document is a notification from the Reserve Bank of India amending the Credit Information Companies Regulations of 2006. The amendments, known as the Credit Information Companies (Amendment) Regulations, 2021, add a new clause to Regulation 3. The amendments are effective from the date of their publication in the official gazette, November 29, 2021. **Key Points / Main Content** * **Short Title and Commencement:** * The regulations are called the Credit Information Companies (Amendment) Regulations, 2021. * They came into force on the date of their publication in the official gazette. * **Amendment of Regulation 3:** * A new clause (j) is added to Regulation 3 of the Credit Information Companies Regulations, 2006. * Clause (j) includes: "an entity engaged in the processing of information, for the support or benefit of credit institutions, and satisfying the criteria laid down by the Reserve Bank from time to time." **Impact Analysis** **Credit Institutions** * **Impact:** Credit institutions will have access to additional data and support from the new entity defined in Clause (j). * **Action Required:** Credit institutions must adapt their processes to integrate data from the new entity and comply with any criteria set by the Reserve Bank. **Entities Engaged in Information Processing** * **Impact:** Entities processing information for credit institutions now fall under the regulatory scope of the Credit Information Companies Regulations. * **Action Required:** These entities must comply with the Credit Information Companies Regulations and meet the criteria laid down by the Reserve Bank.

Key Entities Referenced

Reserve Bank of India: The regulator issuing the amendment. Credit Information Companies (Amendment) Regulations, 2021: The main subject of the document - amending regulations related to credit information companies. Credit Information Companies Regulations, 2006: The original regulations being amended by the 2021 amendment. Credit Information Companies (Regulation) Act, 2005: The act that provides the legal basis for the regulations.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-30112021-231472 xxxGIDHxxx CG-DL-E-30112021-231472 xxxGIDExxx असाधारण EXTRAORDINARY भाग III—खण्ड 4 PART III—Section 4 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 618] नई ददल्ली, सोमर्ार, नर्म्बर 29, 2021/अग्रहायण 8, 1943 No. 618] NEW DELHI, MONDAY, NOVEMBER 29, 2021/AGRAHAYANA 8, 1943 भारतीय ररज़र् वबकैं अजधसचू ना मुम् बई, 10 नर्म् बर, 2021 प्रत्यय जर्षयक िानकारी कंपनी (सिं ोधन) जर्जनयमार्ली, 2021 स.ं DOR. SIG. FIN. No. 52140/20.16.050/2021-22.—प्रत्यय जर्षयक िानकारी कंपनी (जर्जनयमन) अजधजनयम, 2005 (2005 का अजधजनयम 30) की धारा 37 द्वारा प्रदत्त िजियों का प्रयोग करते हुए, भारतीय ररज़र्व बैंक प्रत्यय जर्षयक िानकारी कंपनी जर्जनयमार्ली, 2006 म ें संिोधन करने के जलए जनम्नजलजखत जर्जनयम बनाता ह।ै 1. संजिप्त िीषवक और प्रारंभ (1) इन जर्जनयमों को प्रत्यय जर्षयक िानकारी कंपनी (संिोधन) जर्जनयमार्ली, 2021 कहा िा सकता ह।ै (2) र्े रािपत्र म ें उनके प्रकािन की तारीख स ेलाग ू होंगे। 2. जर्जनयम 3 का संिोधन प्रत्यय जर्षयक िानकारी कंपनी जर्जनयमार्ली, 2006 म,ें जर्जनयम 3 म,ें खंड (i) के तुरंत बाद, जनम्नजलजखत को खंड (िे) के रूप म ें िोडा िाएगा, अर्ावत:् "(ि)े ऋण संस्ट्र्ानों के समर्वन या लाभ के जलए सूचना के प्रसस्ट्ं करण म ें लगी एक इकाई, और समय-समय पर ररज़र्व बैंक द्वारा जनधावररत मानदडं ों को पूरा करें”. सौरभ जसन्हा, कायवपालक जनदिे क [जर्ज्ञापन-III/4/असा./455/2021-22] 6892 GI/2021 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4] फुटनोट : प्रत्यय जर्षयक िानकारी कंपनी जर्जनयमार्ली, 2006 ददनांक 14 ददसंबर 2006 के भारत के रािपत्र, असाधारण, भाग II, खंड 3, उप-खंड (i), िीएसआर 754 (अ), के तहत प्रकाजित दकए गए र् े और बाद म ें भारत के रािपत्र, असाधारण, भाग III, खंड 4 में प्रकाजित ददनांक 11 अगस्ट्त 2017 की अजधसूचना द्वारा संिोजधत दकया गया। RESERVE BANK OF INDIA NOTIFICATION Mumbai, the 10th November, 2021 THE CREDIT INFORMATION COMPANIES (AMENDMENT) REGULATIONS, 2021 No. DOR. SIG. FIN. No. 52140/20.16.050/2021-22.—In exercise of the powers conferred by section 37 of the Credit Information Companies (Regulation) Act, 2005 (Act 30 of 2005), the Reserve Bank of India hereby makes the following regulations, to amend the Credit Information Companies Regulations, 2006. 1. Short title and (1) These regulations may be called the Credit Information Companies commencement (Amendment) Regulations, 2021. (2) They shall come into force on the date of their publication in the official gazette. 2. Amendment of In the Credit Information Companies Regulations, 2006, in Regulation 3, regulation 3 immediately after Clause (i), the following shall be inserted as Clause (j), namely, "(j) an entity engaged in the processing of information, for the support or benefit of credit institutions, and satisfying the criteria laid down by the Reserve Bank from time to time”. SAURAV SINHA, Executive Director [ADVT.-III/4/Exty./455/2021-22] Foot Note : The Credit Information Companies Regulations, 2006 were published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide GSR 754(E), dated December 14, 2006 and subsequently amended vide Notification dated August 11, 2017, published in Gazette of India, Extraordinary, Part III, section 4. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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