Sale of full register etc to credit reference agenciesN.I.
112.—(1) Subject to regulation 110(2), the registration officer shall supply on request and on payment of a fee calculated in accordance with regulation 109 a copy of a relevant document to a credit reference agency registered under Part III of the Consumer Credit Act 1974(1) and which is carrying on the business of providing credit reference services.
(2) Where a relevant document is supplied under paragraph (1), the relevant restrictions apply except for the purposes set out in paragraph (3).
(3) Those purposes are:
(a)vetting applications for credit or applications that can result in the giving of credit;
(b)meeting any obligation contained in—
(i)the Money Laundering Regulations 2003(2);
(ii)any regulations amending or replacing those Regulations; or
(iii)any rules made under section 146 (money laundering rules) of the Financial Services and Markets Act 2000(3); and
(c)statistical analysis of credit risk assessment in a case where no person included in the register is referred to by name or necessary implication.
(4) 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.