IE
S.I. No. 486/2016 - Credit Reporting Act 2013 (Section 11) (Provision of Information for Central Credit Register) Regulations 2016.
Table of Provisions (11)
Statutory Text (11 Articles)
1. (1) These Regulations may be cited as the Credit Reporting Act 2013 (Section 11) (Provision of Information for Central Credit Register) Regulations 2016.
(2) These Regulations come into operation on 30 June 2017.
Interpretation
2. (1) In these Regulations
“Act of 2013” means the
Credit Reporting Act 2013
(No. 45 of 2013);
“Bank” means the Central Bank of Ireland;
“consumer” has the meaning assigned to it by
section 2
(1) of the
Consumer Credit Act 1995
(No. 24 of 1995);
“moneylender” has the meaning assigned to it by
section 2
(1) of the
Consumer Credit Act 1995
(No. 24 of 1995);
“qualifying credit agreement” has the meaning assigned to it by section 11(5) of the Act of 2013;
“qualifying credit application” has the meaning assigned to it by section 11(5) of the Act of 2013;
“Register” means the Central Credit Register established under section 5 of the Act of 2013.
(2) A word or expression used in these Regulations has the same meaning in these Regulations as it has in the Act of 2013.
Part 2
PERSONAL INFORMATION
Personal information to be provided to Bank
3. A credit information provider shall, in accordance with such guidelines as may be published by the Bank, provide to the Bank such personal information relating to—
(
a
) any qualifying credit application made to the credit information provider on or after the date of commencement of these Regulations and to the credit information subject by whom the application was made, and
(
b
) any qualifying credit agreement made by the credit information provider, whether before or after the date of commencement of these Regulations, and in force on or after that date and to the credit information subject with whom the qualifying credit agreement was made or any credit information subject who is a guarantor in connection with the credit agreement,
as is specified in Schedule 1 and is applicable.
Form in which personal information to be provided
4. The information to which Regulation 3 refers shall be provided to the Bank electronically in the form set out in the First Schedule or in a form to the like effect as specified by the Bank.
When personal information to be provided
5. (1) A credit information provider (not being a local authority or a moneylender) shall provide the personal information required to be provided to the Bank by Regulation 3 and relating to any credit information subject that is a consumer—
(
a
) at any time after the date of commencement of these Regulations and before 31 December 2017 or such later date as the Bank may specify, and
(
b
) thereafter at such periodic intervals as the Bank may specify.
(2) A credit information provider being a local authority or a moneylender shall provide the personal information required to be provided to the Bank by Regulation 3 and relating to any credit information subject that is a consumer—
(
a
) at any time after the date of commencement of these Regulations and before 30 September 2018 or such later date as the Bank may specify, and
(
b
) thereafter at such periodic intervals as the Bank may specify.
(3) A credit information provider shall provide the personal information required to be provided to the Bank by Regulation 3 and relating to any credit information subject that is a guarantor—
(
a
) at any time after the date of commencement of these Regulations and before 30 September 2019 or such later date as the Bank may specify, and
(
b
) thereafter at such periodic intervals as the Bank may specify.
(4) A credit information provider shall provide to the Bank the personal information required to be provided by Regulation 3 and relating to all other credit information subjects—
(
a
) at any time after the date of commencement of these Regulations and before 30 September 2018 or such later date as the Bank may specify, and
(
b
) thereafter at such periodic intervals as the Bank may specify.
Requirements as to verification in connection with personal information
6. A credit information provider shall—
(
a
) take all reasonable steps to ensure the accuracy of the personal information provided to the Bank pursuant to Regulation 3, and
(
b
) inform the Bank of any changes to the personal information provided to the Bank pursuant to Regulation 3 of which it becomes aware.
Part 3
CREDIT INFORMATION
Credit information to be provided to Bank
7. A credit information provider shall, in accordance with such guidelines as may be published by the Bank, provide to the Bank such credit information relating to—
(
a
) any qualifying credit application made to the credit information provider on or after the date of commencement of these Regulations, and to the credit information subject by whom the application was made, and
(
b
) any qualifying credit agreement made by the credit information provider, whether before or after the date of commencement of these Regulations and in force on or after that date, and to the credit information subject with whom the qualifying credit agreement was made or any credit information subject who is a guarantor in connection with the credit agreement,
as is specified in Schedule 2 and is applicable.
Form in which credit information to be provided
8. The information to which Regulation 7 refers shall be provided to the Bank electronically in the form set out in Schedule 2 or in a form to the like effect as specified by the Bank.
When credit information to be provided
9. (1) A credit information provider (not being a local authority or a moneylender) shall provide the credit information required to be provided to the Bank by Regulation 7 and relating to any credit information subject that is a consumer—
(
a
) at any time after the date of commencement of these Regulations and before 31 December 2017 or such later date as the Bank may specify, and
(
b
) thereafter at such periodic intervals as the Bank may specify.
(2) A credit information provider being a local authority or a moneylender shall provide the credit information required to be provided to the Bank by Regulation 7 and relating to any credit information subject that is a consumer—
(
a
) at any time after the date of commencement of these Regulations and before 30 September 2018 or such later date as the Bank may specify, and
(
b
) thereafter at such periodic intervals as the Bank may specify.
(3) A credit information provider shall provide the credit information required to be provided to the Bank by Regulation 7 and relating to any credit information subject that is a guarantor—
(
a
) at any time after the date of commencement of these Regulations and before 30 September 2019 or such later date as the Bank may specify, and
(
b
) thereafter at such periodic intervals as the Bank may specify.
(4) A credit information provider shall provide the credit information required to be provided to the Bank by Regulation 7 and relating to all other credit information subjects—
(
a
) at any time after the date of commencement of these Regulations and before 30 September 2018 or such later date as the Bank may specify, and
(
b
) thereafter at such periodic intervals as the Bank may specify.
Requirements as to verification in connection with credit information
10. A credit information provider shall—
(
a
) take all reasonable steps to ensure the accuracy of the credit information provided to the Bank pursuant to Regulation 7, and
(
b
) inform the Bank of any changes to the credit information provided to the Bank pursuant to Regulation 7 of which it becomes aware.
Schedule 1
Regulation 3
Personal Information to be Provided, as Applicable
Personal Information in respect of individuals
Forename
Surname
Gender
Date of Birth
Address
Postal Code
Eircode
Personal Public Service Number
Other Tax Reference Numbers
Telephone Number
Sector of Economic Activity
Employment: Employment Status
Employment: Occupation Category
Institutional Sector — ESA Flag
Subject Status — Deceased Flag
Personal Information in respect of individuals carrying on activities otherwise than as an employee (in addition to the information above)
Business or Trade Name
Business or Trade Address
Postal Code
Eircode
Companies Registration Office (CRO)
Registration Number (or equivalent)
Tax Reference Number
Business Trade Telephone Number
Personal Information in respect of credit information subjects who are not individuals
Legal Name of Entity
Trading or Business Name
Nature of the Entity (Entity Type)
Sector of Economic Activity
Enterprise Size — MSML Sectoral Flag
Institutional Sector — ESA flag
Address
Postal Code
Eircode
Companies Registration Office (CRO)
Registration Number (or equivalent)
Tax Reference Number
Telephone Number
Legal Entity Identifier (LEI)
Schedule 2
Regulation 7
Credit Information to be Provided, as Applicable
Credit Information in respect of all applications and agreements
Provider Credit Information Subject (CIS) No.
Address Status: Not Contactable (CIS in arrears)
Consumer Flag
Credit Information in respect of Groups of Individuals (Partnerships, Clubs, Others)
Provider CIS No. (Parent — Partnership, Club, Other)
Role of the Parent (Partnership, Club, Other)
Provider CIS No. (Child — Partner, Trustee, Other)
Credit Information in respect of Other Credit Performance events
Credit Event Code
Credit Event Detail
Credit Event Date
Credit Information for Instalment Contracts
Role of CIS
Provider Contract No.
Product Type
Contract Phase
Credit Status
Currency
Original Currency
First Date of Drawdown (Start Date)
Contract Request Date
Maturity Date
Contract End
Actual Date
Payment Made Date
Restructure Event
Reorganised Credit Code
Interest Rate Type
Interest Rate
Financed Amount
Total Number of Planned Payments
Payment Frequency
Payment Method
Repayment Type
Purpose Type Exposure Class
Monthly Payment Due
Payment Made
First Payment Date
Next Payment Date
Next Payment Amount
Outstanding Payments Number
Outstanding Balance
Number of Payments Past Due
Amount Past Due
Days Past Due
Provider Guarantor CIS No.
Guarantee Start Date
Guarantee End Date
Collateral or Security Type
Personal Recourse Type
Personal Recourse Value
Credit Information for Non-Instalment Contracts
Role of CIS
Provider Contract No.
Product Type
Contract Phase
Credit Status
Currency
Original Currency
First Date of Drawdown (Start Date)
Contract Request Date
Maturity Date
Contract End Actual Date
Payment Made Date
Restructure Event
Reorganised Credit Code
Interest Rate Type
Interest Rate Credit Limit
Outstanding Balance Purpose Type
Exposure Class
Provider Guarantor CIS No.
Guarantee Start Date
Guarantee End Date
Collateral or Security Type
Personal Recourse Type
Personal Recourse Value
Credit Information for Credit Cards
Role of CIS
Provider Contract No.
Product Type
Contract Phase
Credit Status
Currency
Original Currency
First Date of Drawdown (Start Date)
Contract Request Date
Maturity Date
Contract End Actual Date
Payment Made Date
Restructure Event
Reorganised Credit Code
Interest Rate Type
Interest Rate Credit Limit
Payment Frequency
Payment Method
Purpose Type
Payment Made
Next Payment Date
Next Payment Amount
Outstanding Balance
Number of Payments Past Due
Amount Past Due
Days Past Due
Charged Amount
Last Charge Date
Min. Payment Indicator
Min. Payment Percentage
Provider Guarantor CIS No.
Guarantee Start Date
Guarantee End Date
Collateral or Security Type
Personal Recourse Type
Personal Recourse Value
The Minister for Finance consents to the making of these Regulations.
GIVEN under my Official Seal,
16 September 2016.
MICHAEL NOONAN,
Minister for Finance.
Signed for and on behalf of the CENTRAL BANK OF IRELAND,
20 September 2016.
PHILIP LANE,
Governor of the Central Bank of Ireland.
EXPLANATORY NOTE
(This note is not part of the Instrument and does not purport to be a legal interpretation.)
Regulations made under
section 11
of the
Credit Reporting Act 2013
prescribe the personal and credit information to be provided to the Central Credit Register by credit information providers and associated matters such as the form and when such information is to be provided.
Notice of the making of this Statutory Instrument was published in
“Iris Oifigiúil” of
23
rd September
, 2016.
In exercise of the powers conferred on it by
section 11
of the
Credit Reporting Act 2013
(No. 45 of 2013), the Central Bank of Ireland, with the consent of the Minister for Finance, hereby makes the following regulations
Part 1
PRELIMINARY AND GENERAL
Citation and Commencement