The Reserve Bank of Fiji has announced the coming into effect of the Fair Reporting of Credit Act 2016 on 27 May 2016 as published in the Government Gazette No.18 of 26 May 2016.
In this regard the transitional arrangements under Part 6 of the Act are being implemented.
As required under Section 19(6) of the Act, the general public can no longer use any credit information provided to them prior to the commencement of the Act.
The Governor of the Reserve Bank, Barry Whiteside has further stated that “with the legislative framework in place, work has already begun in the establishment of an effective supervisory framework for credit reporting agencies in Fiji.
Institutions that wish to obtain a license to conduct business in Fiji as a credit reporting agency may contact the Reserve Bank for further information.