Appointment of Registrar
(1) The Minister shall appoint a public officer to be known as the “Registrar of Credit Reporting Agencies” for the purposes of carrying out the functions and powers assigned to the Registrar under this Act. (2) The appointment of the Registrar shall be published by notification in the Gazette.
Functions of Registrar
The Registrar shall have all the functions imposed on him under this Act and without prejudice to the generality of the foregoing, shall also have the following functions: (a) to advise the Minister on all matters in relation to the administration of this Act; (b) to implement and enforce this Act including the formulation of operational policies and procedures; (c) to promote awareness and dissemination of information to the public in relation to the operation of this Act; (d) to be responsible for the monitoring, controlling, supervision and regulation of credit reporting agencies; (e) to encourage and promote the sound and orderly development of credit reporting agencies and the credit reporting sector; (f) to create a conducive environment for credit reporting agencies to carry out their activities; and (g) to carry out such activities or do such things as are necessary, advantageous and proper for the administration of this Act, or such other purposes consistent with this Act as may be directed by the Minister.
Powers of Registrar
(1) The Registrar shall have all such powers to do all things necessary or expedient for or in connection with the performance of his functions under this Act. (2) Without prejudice to the generality of subsection (1), the powers of the Registrar shall include the power— (a) to appoint such agents, experts or consultants as he thinks fit to assist him in the performance of his functions; (b) to enter into contracts; (c) to establish and maintain the Register; (d) to collect such fees as may be prescribed under this Act; and (e) to do all such other things as he thinks fit to enable him to perform his functions effectively or which may be incidental to or consequential upon the performance of his functions.
Appointment of Deputy Registrar and Assistant Registrar
(1) The Minister shall appoint such number of public officers as Deputy Registrars and Assistant Registrars as are necessary to assist the Registrar in the performance of his functions and the exercise of his powers under this Act. (2) The Deputy Registrars and Assistant Registrars appointed under subsection (1) shall be subject to the supervision, direction and control of the Registrar.
Appointment of officers
(1) The Registrar may, with the approval of the Minister, appoint such number of public officers as are necessary to assist the Registrar in the performance of his functions and the exercise of his powers under this Act. (2) All officers appointed under subsection (1) shall be subject to the supervision, direction and control of the Registrar.
Delegation of Registrar’s functions and powers
(1) The Registrar may, subject to such conditions, limitations or restrictions as he may think fit to impose, delegate any of his functions or powers imposed or conferred upon him under this Act, except his power of delegation, to any of the officers appointed under subsections 6(1) and 7(1) and any function or power so delegated may be performed and exercised by the officer in the name and on behalf of the Registrar. (2) The delegation under subsection (1) shall not preclude the Registrar himself from performing or exercising at any time the delegated functions or powers.
Register of Credit Reporting Agencies
(1) The Registrar shall establish and maintain a Register of Credit Reporting Agencies. (2) The Register shall contain the names and addresses of all credit reporting agencies which have been registered under subsection 14(2) and any other particulars regarding such credit reporting agencies as may be determined by the Registrar. (3) Subject to subsection (4), the Registrar shall make the Register available for inspection by the public, subject to such conditions as he may think fit. (4) A person may on payment of the prescribed fee— (a) inspect the Register; or (b) make a copy of or take extracts from an entry in the Register.
Restriction on enquiring specifically into affairs of particular customer
Without prejudice to the powers of inspection, examination, investigation or enquiry conferred on the Registrar or authorized officer, nothing in this Act shall— (a) authorize the Minister to direct the Registrar; or (b) authorize the Registrar, to enquire specifically into the affairs of a particular customer.
Provisions on this page are reproduced verbatim from official open data. See the attribution line.
Text as at 1 August 2024 (LOM reprint); amendments made after that date may not be incorporated. Read the official text ↗
Source: Laws of Malaysia, Attorney General's Chambers of Malaysia (lom.agc.gov.my). Not a copy of the Gazette printed by the Government Printer (Interpretation Acts 1948 and 1967, s 61).