Legal Basis

The Credit Reporting Act 2013 provides the statutory basis under which the Central Bank operates the Central Credit Register. It sets out provisions with respect to matters such as:

The scope of the Central Credit Register, to whom and to what it applies, and associated reporting thresholds;
The holding of information on the Central Credit Register, including personal and credit information that may be held on the Central Credit Register;
The information to be provided for inclusion on the Central Credit Register and the scope of personal and credit information that may be collected;
The accessing of information on the Central Credit Register, including the information to be furnished in response to an access application;
The retention, amendment and correction of information; and
The levies and fees to be charged to users of the Central Credit Register.

The Act provides the statutory basis for the operation of the Central Credit Register. The processing of the personal data of data subjects is governed by the Data Protection Act 1988 as amended. The Data Protection (Amendment) Act 2003 implemented EU Data Protection Directive 95/46/EC.

The legal framework that supports the Central Credit Register is: