04/03/2025 10:52:00

Consultation on the enhancement of the Central Bank of Malta’s Central Credit Register to include Licensed Financial Institutions and Notified Financial Vehicle Corporations

On 4 March 2025, the Central Bank of Malta launched a consultation to seek views from interested parties on the possibility of including, within the Central Credit Register's (CCR or the 'Register') legislative framework, Maltese licensed:

• Financial Institutions (FIs) carrying out 'material' lending activities in terms of their respective Malta Financial Services Authority (MFSA) license and
• Notified Financial Vehicle Corporations (FVCs) i.e. securitisation vehicles that grant or take over 'material' credit to residents. 

The main aim of this proposed enhancement is to give access to the CCR to these institutions in conducting their credit risk assessments on their counterparties. In turn, these institutions would also enrich the Register with their credit and credit risk data to the benefit of the rest of the Register participants.

Reporting, auditing and other obligations as well as applicable fees and other conditions stemming from the Central Bank of Malta's Directive No. 14 entitled 'Central Credit Register' will become binding on the new Register entrants. More details on these obligations can be found in the CCR Directive No. 14 as well as in the consultation document.

The Central Bank of Malta is reaching out to interested parties for their views and invites interested parties to submit their feedback by email by not later than 28 March 2025 (c.o.b). 

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