Part 2 Disclosure to a Credit Reference Agency
1.4 Paragraphs 1.5 to 1.9 set out the conditions specified for the disclosure of protected information by the Registrar to a credit reference agency.
1.5 The credit reference agency:
(i) is carrying on in the Abu Dhabi Global Market a business comprising the furnishing of information relevant to the financial standing of individuals, being information collected by the agency for that purpose;
(ii) maintains appropriate procedures:
to ensure that an independent person can investigate and audit the measures maintained by the agency for the purposes of ensuring the security of any protected information disclosed to that agency; and
for the purposes of ensuring that it complies with its obligations under the with its obligations under data protection legislation;
(iii) has not been found guilty of an offence under section 987
(general false statement offence).
1.6 The credit reference agency has delivered to the Registrar a statement that it intends to use the protected information only for the purposes of:
(i) providing an assessment of the financial standing of a person;
(ii) meeting any obligations contained in any legislation of another State on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing;
(iii) conducting conflict of interest checks required or made necessary by any enactment;
(iv) the provision of protected information to:
a public authority specified in Schedule 1 which has satisfied the requirements of paragraphs 2 and 3 of this Schedule; or
a credit reference agency which has satisfied the requirements of this Part of this Schedule; or
(v) conducting checks for the prevention and detection of crime and fraud.
1.7 The credit reference agency has delivered to the Registrar a statement that it intends to take delivery of and to use the protected information only in the Abu Dhabi Global Market.
1.8 The credit reference agency has delivered to the Registrar a statement that it will, where it supplies a copy of the protected information to a processor for the purpose of processing the information for use in respect of the purposes referred to in paragraph 1.6:
(i) ensure that the processor is one who carries on business in the Abu Dhabi Global Market;
(ii) require that the information is not transmitted outside the Abu Dhabi Global Market by the processor; and
(iii) require that the processor does not disclose the information except to the credit reference agency or an employee of the credit reference agency.
1.9 The credit reference agency has delivered to the Registrar a statement that it meets the conditions in paragraph 1.6 above.