The member companies of the CEIC commit themselves to carry out their activities within the established legal framework, observing the following basic principles that constitute the appropriate scenario for the responsible exercise of the activity.

Obligatory Registration

The member companies commit themselves to register in the National Bureau of Personal Data Protection, an essential requirement to be part of the CEIC.

Declaration

The member companies of the CEIC declare to comply with the Act Nº 25.326 (Personal Data Protection Act) and with its Regulatory Decree Nº 1558/01, and they undertake to respect the directives established by the National Bureau of Personal Data Protection.

Objectives

The member companies commit themselves to define accurately the objective of their services, aimed to secure the transparency of commercial, credit and financial data, by providing information to prevent fraud and promote credit, therefore facilitating the realization of business in general. Likewise, they commit themselves to maintain the proper use of the information by restricting the access only to the users that have a legitimate interest in it.

Competition

The member companies commit themselves to secure equal opportunities and respectful treatment among the partners, bringing assistance, cooperation and solidarity to maintain an environment of healthy competition. Likewise, they commit themselves before the community to denounce any situation of unfair competition and work to eradicate practices incompatible with ethics and/or that violate the regulatory framework in force.

Security and Confidentiality

The member companies commit themselves to take the necessary technical and organizational measures in order to guarantee the security and confidentiality of the stored data, respecting and making others to respect the non-disclosure obligation regarding such information.

Collected Data

The member companies commit themselves to collect appropriate, relevant and non-excessive data from lawful sources to guarantee the realization of business and credit operations in general.

Information Update

The member companies commit themselves to handle the information according to the regulatory framework in force, respecting the right to oblivion and making the greatest efforts to update the information collected. They also commit themselves to consider the documentation that the owner of the information provides to update or rectify it, checking its authenticity previously, and to record in the information at issue, during the procedure, that it has been submitted for review.

Right of Access

The member companies commit themselves to guarantee the owner of the information his right to know what data about his own person is placed in the data base, including the list of those who had accessed his information. For such purpose, the member companies should check accurately the identity of the requester.

Representativeness

CEIC commits itself to represent its member companies defending their interests in all circumstances that require its action, observing and making others observe its principles.

Communication

The member companies commit themselves to promote the principles that support the responsible exercise of the activity they perform. For that purpose, they bind themselves to collaborate with broadcasting to the community the rights recognized in the regulatory framework in force, particularly those related to the management of personal credit information.

Breach of Code

In case of breach of the rules prescribed in this Code, the Board of Directors of the CEIC will be responsible for driving the process described in articles 9 and 10 of the bylaws, and able to impose sanctions according to the seriousness of the misdeed and characteristics of the case: a) admonition; b) suspension; c) expulsion.