F3PART VISUPPLY OF REGISTER ETC
Sale of edited and full registers and specified restrictions
Sale of full register to credit reference agencies114
1
Subject to regulation 112(2) above, the registration officer shall supply on request and on payment of a fee calculated in accordance with regulation 111 above copies of a relevant document to a credit reference agency which is registered under Part III of the Consumer Credit Act 1974 (by virtue of section 147 of that Act) and which is carrying on the business of providing credit reference services.
2
For the purposes of regulation 112(3) above, the relevant restrictions apply except for the purposes set out in paragraph (3) below.
3
Those purposes are—
a
vetting applications for credit or applications that can result in the giving of credit or the giving of any guarantee, indemnity or assurance in relation to the giving of credit;
b
meeting any obligations contained in the Money Laundering Regulations F22007F1... F4or any rules made by the Financial Conduct Authority under section 137A of the Financial Services and Markets Act 2000 which relate to the prevention and detection of money laundering in connection with the carrying on of regulated activities by authorised persons; and
c
statistical analysis of credit risk assessment in a case where no person whose details are included in the full register is referred to by name or necessary implication.
4
The registration officer may require a credit reference agency to provide such evidence that it is carrying on the business of providing credit reference services as he shall reasonably require.
5
In this regulation—
“application for credit” includes an application to refinance or reschedule an existing credit agreement;
“credit” includes a cash loan and any other form of financial accommodation; and
“credit reference services” means the furnishing of persons with information relevant to the financial standing of individuals, which is information collected by the person furnishing it for the purpose of so furnishing it.
Pt. 6 inserted (16.10.2002) by The Representation of the People (England and Wales) (Amendment) Regulations 2002 (S.I. 2002/1871), regs. 2(2), 15 (with reg. 2(3))