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2017Credit Reporting ARRANGEMENT OF CLAUSES Part I PRELIMINARY1. 2.Short title and commencement Interpretation Part II ADMINISTRATION3.Powers, duties and functions of Central Bank Part III LICENSING OF CREDIT BUREAUS4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16.Requirement for licence Application for licence Evaluation of application Grant of licence Refusal to grant licence Terms and conditions of licence Display of Licence Restrictions on transfer of licence Restrictions on employment
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What is powers duties and functions?
Powers duties and functions refer to the roles, responsibilities, and authorities assigned to individuals or organizations, outlining what they can do, what is expected of them, and the scope of their work.
Who is required to file powers duties and functions?
Individuals or entities that hold specific roles within organizations, such as employees, managers, or departments, are typically required to file powers duties and functions to clearly delineate responsibilities.
How to fill out powers duties and functions?
To fill out powers duties and functions, one should clearly specify the title, describe the specific responsibilities and tasks associated with the role, and outline the authorities granted to the position.
What is the purpose of powers duties and functions?
The purpose of powers duties and functions is to establish clarity in roles, enhance accountability, streamline operations, and ensure that everyone understands their responsibilities within an organization.
What information must be reported on powers duties and functions?
Information that must be reported includes the title of the position, a detailed description of duties, powers granted, any limitations on those powers, and reporting or accountability structures.
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