s 15 Renewal of certificate of registration
(1) A credit reporting agency may make an application for the renewal of the certificate of registration not later than ninety days before the date of expiry of the certificate of registration in the manner and form as determined by the Registrar and the application shall be
accompanied with the prescribed renewal fee and such documents as may be required by the Registrar, but no application for renewal shall be allowed where the application is made after the date of expiry of the certificate of registration.
(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 registrationβ
(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.
Malay text (authoritative)
Pembaharuan perakuan pendaftaran
(1) Suatu agensi pelaporan kredit boleh membuat suatu permohonan untuk pembaharuan perakuan pendaftaran tidak lewat
daripada sembilan puluh hari sebelum tarikh habis tempoh perakuan pendaftaran itu mengikut cara dan bentuk yang ditentukan oleh Pendaftar dan permohonan itu hendaklah disertakan dengan fi pembaharuan yang ditetapkan dan apa-apa dokumen yang dikehendaki oleh Pendaftar, tetapi tiada permohonan untuk pembaharuan boleh dibenarkan jika permohonan itu dibuat selepas tarikh habis tempoh perakuan pendaftaran itu.
(2) Apabila membaharui suatu perakuan pendaftaran, Pendaftar boleh mengubah syarat atau sekatan yang dikenakan semasa perakuan pendaftaran itu dikeluarkan atau mengenakan syarat atau sekatan tambahan.
(3) Pendaftar boleh enggan membaharui suatu perakuan pendaftaranβ
(a) jika agensi pelaporan kredit itu tidak mematuhi mana-mana peruntukan Akta ini;
(b) jika agensi pelaporan kredit itu tidak mematuhi apa-apa syarat atau sekatan yang dikenakan semasa perakuan pendaftaran itu dikeluarkan; atau
(c) jika dia berpuas hati bahawa agensi pelaporan kredit itu tidak boleh meneruskan perniagaan pelaporan kredit mengikut Akta ini.
Read this section in the full act β Β· Open Part III β
Find Act 710 on lom.agc.gov.my β
Text as at 1 August 2024 (LOM reprint); amendments made after that date may not be incorporated.
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).
