No.12 2015 "utility body" means a body corporate, including a local authority and a statutory body, which supplies utility services such as electricity, or waste or \Vater management. (2) The Bank may establish a Credit Registry for the purpose of ensuring a sound credit information system in Zimbabwe, and may require any-(a) financial or other institution offering credit, including leasing facilities and hire-purchase; or (b) utility body; to become a participating institution. (3) A patticipating institution shall furnish the Credit Registry with credit infonnation at such time and in such manner as the Bank may specify, for the purpose of(a) maintaining a database of(i) information on recipients of credit facilities and guarantors; and (ii) such other infmmation as may reasonably assist in ensuring the soundness of the credit information system; (b) (c) collecting, consolidating and collating trade, credit and financial information on recipients of credit facilities; disclosing the information to such institutions as the Bank may approve, or allowing those institutions access to the information. (4) Subject to subsection (5), creditinformationcollected by the Credit Registry shall be used for the purpose of meeting the objectives of the Registry and shall be kept confidential as between the Bank and participating institutions. (5) Notwithstanding section 60 ("Preservation of secrecy") or any other enactment, the Bank may impart, on such tenus and conditions as it thinks fit, information maintained in the Credit Registry to(a) such bodies as it considers appropriate for credit rating purposes; and (b) any public sector agency or law enforcement agency, to enable the agency to discharge, or assist it in discharging, any of its functions; and (c) such institutions and for such purposes as the Bank thinks appropriate, where the person to whom the information relates has given written consent for the information to be disclosed to the institution. (6) Any duty of confidentiality imposed on any participating institution under any enactment shall not apply where the information is required to be transmitted to the Credit Registry in tem1s of this section. (7) A utility body may require any of its customers to provide it with information which the utility body is required to provide to the Credit Registry in terms of this section. (8) A paxticipating institution processing an application for credit facilities may have recourse to information from the Credit Registry for the purpose, and shall inform the applicant that all available 255