Central Credit Register - CBM Directive 14

This Directive lays down rules concerning the obligations of the Central Bank of Malta, credit institutions, including HSBC Bank Malta p.l.c. (“HSBC”), and the Malta Development Bank to provide information in relation to the Central Credit Register.

In line with this Directive, information related to any credit facilities held by HSBC’s customers in excess of €5,000 or the equivalent in a foreign currency, including personal data, will be disclosed by HSBC to the Central Bank of Malta on a monthly basis for inclusion in the Register. The credit facilities reportable for the purposes of this Register include loans, overdrafts, commitments, credit cards and other credit lines which are deemed to represent a credit exposure.

This information, including personal data, may be shared with other credit institutions, the Malta Development Bank, credit reference agencies for the issuance of credit scores in accordance with article 24A of the Central Bank of Malta Act and Central Bank of Malta Directive 15, and other institutions as may be specified in this Directive. Customers, or their lawful representatives, may also request to exercise the right to have an extract of the information held on them on the Register.

The Directive sets out the rules on the rights of access to the information held on the Central Credit Register by the Central Bank of Malta, credit institutions, including HSBC, the Malta Development Bank and credit reference agencies and by other institutions as stipulated in article 24(4) of the Central Bank of Malta Act (Cap. 204 of the Laws of Malta) and as may be specified in this Directive.

Counterparties, or their lawful representatives, requesting to exercise the right under article 24(3) of the Central Bank of Malta Act to have an extract of the information kept on them on the Register, shall first submit such a request through an online form Central Credit Register (CCR) Extract Request Form - Central Bank of Malta (centralbankmalta.org) available on the Central Bank of Malta website or by sending a written request by registered mail, and subsequently making an appointment with the Central Bank of Malta, whether virtually or physically as the Central Bank of Malta may direct, presenting an official identification document in case of a natural person.

The lawful representative should also present his official identity card, passport or similar official documentation and proof, to the satisfaction of the Central Bank of Malta, of a power of attorney or other certification confirming that he is authorised to act as the counterparty’s representative. The said extract of information shall comprise the details indicated in Annex I of this Directive.

A request by a lawful representative of a legal person shall be accompanied by a copy of the Memorandum and Articles of Association or the Statute of the legal person, and, if necessary, a board resolution clearly identifying and authorising the representative to request the extract. These documents shall be certified and dated by a professional, such as an advocate, notary, accountant or a bank official.

For further information please refer to Directive-14.pdf (centralbankmalta.org)