The NCR also shared the following reminder about the purpose and functions of the CIF:
1. Just a kind reminder of the purpose of the CIF being as follows: Identify and address operational difficulties that come with implementation of the National Credit Act as amended (“the Act”).
2. Facilitate and negotiate industry agreement and co-operation on related credit industry aspects.
3. Make advisory recommendations to the NCR which, upon acceptance, will be issued as guidelines to the industry.
4. Engage on strategic industry issues; and
5. Promote the spirit and purpose of the Act when conducting the delegated mandate.
All registrants are kindly invited to submit any proposals or topics for discussion to cif@ncr.org.za and are requested to propose any agenda items to be considered by the CIF and insofar as it relates to operational difficulties that come with the implementation of the National Credit Act 34 of 2005.