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S.I. No. 486/2016 - Credit Reporting Act 2013 (Section 11) (Provision of Information for Central Credit Register) Regulations 2016.

S.I. No. 486/2016 - Credit Reporting Act 2013 (Section 11) (Provision of Information for Central Credit Register) Regulations 2016. Skip to content Disclaimer Feedback Helpdesk Gaeilge Léim go dtí an t-ábhar Séanadh Aiseolas Deasc chabhrach English Gaeilge English Produced by the Office of the Attorney General Táirgthe ag Oifig an Ard-Aighne Home Legislation Acts of the Oireachtas Statutory Instruments Pre-1922 Legislation Constitution External Resources Bills (Houses of the Oireachtas) Iris Oifigiúil / Official Gazette Revised Acts (LRC) Classified List of Legislation (LRC) Translations (acts.

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  3. s)or rangeBliain nó blianta nó raon TypeCineál All Legislation Acts Statutory Instruments Advanced SearchCuardach Casta HomeBaile Statutory InstrumentsIonstraimí Reachtúla 2016 S.I. No. 486/2016 - Credit Reporting Act 2013 (Section 11) (Provision of Information for Central Credit Register) Regulations 2016. S.I. No. 486/2016 - Credit Reporting Act 2013 (Section 11) (Provision of Information for Central Credit Register) Regulations 2016. AmendmentsLeasuithe Download PDF Íoslódáil PDF Notice of the making of this Statutory Instrument was published in “Iris Oifigiúil” of 23rd 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 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— (
  1. 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 (
  2. 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— (
  1. 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 (
  2. 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— (
  1. 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 (
  2. 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— (
  1. 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 (
  2. 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— (
  1. 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 (
  2. 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— (
  3. a)take all reasonable steps to ensure the accuracy of the personal information provided to the Bank pursuant to Regulation 3, and (
  4. 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— (
  5. 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 (
  6. 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— (
  1. 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 (
  2. 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— (
  1. 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 (
  2. 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— (
  1. 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 (
  2. 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— (
  1. 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 (
  2. 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— (
  3. a)take all reasonable steps to ensure the accuracy of the credit information provided to the Bank pursuant to Regulation 7, and (
  4. 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. 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