The Representation of the People (Northern Ireland) Regulations 2008

Sale of full register etc to credit reference agenciesN.I.

This section has no associated Explanatory Memorandum

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 [F1a credit reference agency registered under Part III of the Consumer Credit Act 1974](1) [F1a person who has permission under the Financial Services and Markets Act 2000 to furnish persons with information relevant to the financial standing of other persons] 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.

[F2(5) Paragraph (1) must be read with—

(a)section 22 of the Financial Services and Markets Act 2000,

(b)any relevant order under that section, and

(c)Schedule 2 to that Act.]

Textual Amendments