Regulation - 20, Acceptance and receipt of information.

Regulation - 20, Acceptance and receipt of information.

Insolvency & Bankruptcy

Acceptance and receipt of information.

(1) An information utility shall accept information submitted by a user in Form C of the Schedule.


(2) On receipt of the information submitted under sub-regulation (1), the information utility shall-


(a) assign a unique identifier to the information, including records of debt;


(b) acknowledge its receipt, and notify the user of-


(i) the unique identifier of the information;


(ii) the terms and conditions of authentication and verification of information; and


(iii) the manner in which the information may be accessed by other parties.