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BM/REG/53/9/2011 (Bank Credit & Statistical Bureau (BCSB) System

This new Regulation was published in the Government Gazette on 17th December 2011 under the powers vested in Central Bank of Oman (CBO) by the Banking Law of 114/2000.

The Regulation, CBO Circular BM 1088 (BM/REG/53/9/2011), in general describes the definition of credit information, functions of the BCSB, data submission, data updates, contents of credit information reports, responsibilities of banks and financial institutions, confidentiality of information, permissible purposes for which credit information can be used, functions of the Complaint Management System, penalties for violation of Regulation by the banks and financial institutions etc.

You may log in to CBO portal (www.cbo.gov.om) to read/download the Banking Law 114/2000, all the Regulation of CBO and other publications of CBO subject to the privacy policy of CBO.