Malaysia legislation

Section 15

of CREDIT REPORTING AGENCIES ACT 2010

Section 15

(2)

When renewing a certificate of registration, the Registrar may vary the conditions or restrictions imposed upon the issuance of the certificate of registration or impose additional conditions or restrictions.

(3)

The Registrar may refuse to renew a certificate of registration—

(a)

if the credit reporting agency has failed to comply with any of the provisions of this Act;

(b)

if the credit reporting agency has failed to comply with any conditions or restrictions imposed upon the issuance of the certificate of registration; or

(c)

if he is satisfied that the credit reporting agency is unable to continue the credit reporting business in accordance with this Act.

Revocation of registration