Royal Decree 38/2019 Establishing Oman Credit and Financial Information Centre and Promulgating Its System

Arabic

We, Qaboos bin Said, the Sultan of Oman

after perusal of the Basic Statute of the State promulgated by Royal Decree 101/96,

and the Banking Law promulgated by Royal Decree 114/2000,

and in pursuance of public interest,

have decreed as follows

Article I

A centre named “Oman Credit and Financial Information Centre” is hereby established subordinate to the Central Bank of Oman, and it shall be governed by the provisions of the attached system.

Article II

Oman Credit and Financial Information Centre shall enjoy legal personality, as well as financial and administrative independence to undertake its work.

Article III

All assets, data, and their systems in the Banking Credit Information Statistics Directorate of the Central Bank of Oman shall be transferred to Oman Credit and Financial Information Centre.

Article IV

The board of governors of the Central Bank of Oman shall issue the regulations and decisions necessary for implementing the provisions of this decree and attached system, and until they are issued, the regulations and decisions in force in the Central Bank of Oman shall continue to operate in regard to that which is not governed by a special text in this decree and the attached system, and to the degree that they do not contradict with their provisions.

Article V

All that is contrary to this decree, and the attached system, or is in conflict with their provisions, is hereby repealed.  

Article VI

This decree shall be published in the Official Gazette, and comes into force on the day following the date of its publication.

Issued on: 2 Ramadan 1440
Corresponding to: 8 May 2019

Qaboos bin Said
Sultan of Oman

Published in Official Gazette 1292 issued on 12 May 2019.