Regulatory position

What we hold, and what we do not.

Most of what damages credibility in this sector is not fraud. It is ambiguity — a page that never quite says whether a company is licensed. This page removes the ambiguity.

Direct answers

The questions a regulator, ministry or counterparty would ask.

Does Dimau Group hold a licence from the Reserve Bank of Fiji?: No. No company in the group holds any licence, registration or authorisation issued by the Reserve Bank of Fiji.
Is any licence application pending?: No. No application has been submitted to the Reserve Bank of Fiji by any company in the group, for any licence, registration or sandbox admission.
Is Dimau Group operating a credit reporting agency?: No. It holds no consumer credit data, and no responsible legal entity will operate a credit reporting agency unless and until that entity holds a licence under the Fair Reporting of Credit Act 2016.
Is Dimau Group handling client money or processing payments?: No. It holds no client funds and processes no payments.
Does Dimau Group have a government mandate or endorsement?: No. No venture described on this site has been mandated, commissioned or endorsed by the Government of Fiji, any ministry, any statutory body or any regulator. Where we have made a written submission to a consultation, that is a submission — it is not an appointment.
Has Dimau Group ever been refused a licence or sanctioned?: No. There has been nothing to refuse: no application has been made.

The frameworks that would apply

Named instruments, not general references to “compliance”.

BulaScore

Fair Reporting of Credit Act 2016 (Act No. 11 of 2016)

Administered by Reserve Bank of Fiji

The Act makes it an offence to establish, operate or conduct business as a credit reporting agency without a licence, carrying a fine of up to FJ$50,000 and/or up to five years' imprisonment. This venture will not operate as a credit reporting agency unless and until the responsible legal entity holds that licence.

Sevu

Financial Sector Development Policy Statement No. 2 — FinTech Regulatory Sandbox Guideline (December 2019)

Administered by Reserve Bank of Fiji

The Sandbox admits both regulated and non-regulated domestic entities for live testing of up to twelve months under agreed Sandbox Conditions, following a four-stage process beginning with a preliminary assessment. This is the route Sevu intends to take. It has not yet been taken.

Primary sources

The route, if we take it

Supervision first, launch second.

For credit reporting, the sequence is a licence under the Fair Reporting of Credit Act 2016 before any operation. The Act makes unlicensed operation an offence carrying a fine of up to FJ$50,000 and/or up to five years’ imprisonment. There is no version of this business that starts before that licence.

For payments, the Reserve Bank’s FinTech Regulatory Sandbox provides a supervised route to live testing of up to twelve months, under agreed Sandbox Conditions, following a four-stage process that begins with a preliminary assessment. That is the route we would use.

We would rather be slow through a supervised process than fast outside one.

If you find an inaccuracy on this site

Tell us and we will correct it. That includes an overstated claim, a misdescribed legal instrument, an out-of-date status, or a reference that does not support what it is cited for.

Corrections are made on the page itself rather than quietly, and a material correction will be dated.

Corrections and regulatory correspondence are handled by the director personally. See Contact.