Legal Framework

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;
  • The levies and fees that may be charged to users of the Central Credit Register.

The Credit Reporting 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:

Primary Legislation

Credit Reporting Act 2013

Market in Financial Instruments Act 2018 (MIFID)

Regulations

 Credit Reporting Act 2013 (Section 6) (Additional Personal Information) Regulations 2016

 Credit Reporting Act 2013 (Section 11) (Provision of information for Central Credit Register) Regulations 2016

 Credit Reporting Act 2013 (Section 17) (Access to Central Credit Register) Regulations 2016

 Credit Reporting Act 2013 (Section 20) (Verification of Identity of Credit Information Subjects) Regulations 2016

 Credit Reporting Act 2013 (Section 24) (Notices) Regulations 2016

Credit Reporting Act 2013 (Section 26) (Fees) Regulations 2018 

Credit Reporting Act 2013 (Section 26) (Fees) (Amendment) Regulations 2018

Other useful links

Central Bank of Ireland Website 

Learn more about the Lender Area

Lenders can log on to the Lender Area to access information, documents and technical manuals relating to the Register.

Lender Area