(Unofficial translation)

LATVIJAS BANKA

Riga, 13 September 2012

Regulation No. 93

 

Regulation for the Credit Register

 

Note.
 

As amended by Latvijas Banka's Regulation No. 97 of 14 March 2013 (in effect as of 1 October 2013), Regulation No. 120 of 16 September 2013 (in effect as of 1 October 2013), Regulation No. 139 of 16 May 2014 (in effect as of 22 May 2014) and Regulation No. 143 of 9 July 2015 (in effect as of 1 October 2015) and Regulation No. 145 of May 2016 (in effect as of 1 July 2016).

Issued pursuant to
Articles 10, 13 and 17, Paragraph three of Article 18,
Paragraph two and Item one of Paragraph five of Article 24 and
Paragraph four of Article 31 of
the Law "On Credit Register"

General Provisions

1. The Regulation shall provide for:
1.1 the contents and scope of data to be entered in the Credit Register (hereinafter, the Register);
1.2 the time frame and procedure for the data entry in the Register;
1.3 the scope of the Register data to be provided to the customer and customer's guarantor, Register participant, Register participant who has acquired a restricted status (hereinafter, a restricted Register participant) and consumer's creditor, as well as the time frame and procedure for providing such data and covering postal expenses;
1.4 the time frame and procedure for providing the Register data to the Financial and Capital Market Commission (hereinafter, the Commission);
1.5 the time frame and procedure whereby the Register participant and restricted Register participant corrects or cancels the Register data;
1.6 the procedure whereby the former Register participant and its customer or a customer's guarantor or a person who has been incorrectly stated as such in the Register himself/herself signs a mutual certification about the correction or cancellation of incorrect Register data at Latvijas Banka;
1.7 the amount of the fees to be paid for the use of the Register and the payment procedure.
 

2. The Register participant and restricted Register participant shall enter data in the Register and update, correct and cancel such data, the Register participant, restricted Register participant and Commission shall request the Register data and Latvijas Banka shall provide such data to the Register participant, restricted Register participant and Commission electronically, pursuant to Latvijas Banka's regulation stipulating the procedure for electronic information exchange with Latvijas Banka.

3. The Register participants, restricted Register participants and Commission may have on-line access to the Register from 7.00 to 22.00 on a daily basis. Where the Register is not available during Latvijas Banka's operating hours due to technical reasons, Latvijas Banka shall notify the Register participants, restricted Register participants and Commission thereof electronically. The Register participant, restricted Register participant and Commission shall notify Latvijas Banka of an e-mail address for sending the above notification to that effect.

4. Latvijas Banka shall provide access to the Register data entered in the Register by the Register participant and restricted Register participant within one business day of the date of entering, updating or correcting such data, while the above data shall not be available within one business day of their cancellation date.

5. The Register participant shall notify Latvijas Banka of the planned changes in the status of the Register participant on a timely basis.

2. Data to Be Entered in the Register

6. Data on a customer:
6.1 person's identity number;
6.2 number of the person's identity document;
6.3 code of the country issuing the person's identity document;
6.4 date of birth;
6.5 uniform registration number;
6.6 code of the country of registration;
6.7 registration number;
6.8 registration date;
6.9 name and surname;
6.10 name;
6.11 registered address;
6.12 status;
6.13 sector of the economy;
6.14 category.
6.1 Data on a customer's guarantor:
6.11 person's identity number;
6.12 number of the person's identity document;
6.13 code of the country issuing the person's identity document;
6.14 date of birth;
6.15 uniform registration number;
6.16 code of the country of registration;
6.17 registration number;
6.18 registration date;
6.19 name and surname;
6.110 name;
6.111 registered address;
6.112 status.
 
7. General data on the customer's obligations:
7.1 type of the customer's obligations;
7.2 [deleted]
7.3 [deleted]
7.4 date of the customer's obligations taking effect;
7.5 individual date of the customer's obligations taking effect;
7.6 end date of the customer's obligations as per customer agreement;
7.7 actual termination date of the customer's obligations;
7.8 individual end date of the customer's obligations as per customer agreement;
7.81 individual date of the actual termination of the customer's obligations;
7.9 amount of the customer's obligations as per customer agreement;
7.10 number of customers;
7.11 number of customer's guarantors;
7.12 reference to a syndicated loan;
7.13 type of collateral;
7.131 code of the country of collateral registration;
7.14 status of the customer's obligations;
7.15 type of origin of the customer's obligations;
7.16 type of termination of the customer's obligations;
7.17 data submitter.
 
8. General data on the customer guarantor's obligations:
8.1 type of the customer's obligations;
8.2 date of the customer's obligations taking effect;
8.3 individual date of the customer guarantor's obligations taking effect;
8.4 end date of the customer's obligations as per customer agreement;
8.5 actual termination date of the customer's obligations;
8.6 individual end date of the customer guarantor's obligations as per customer guarantor's agreement;
8.61 individual date of the actual termination of the customer guarantor's obligations;
8.7 amount of the customer's obligations as per customer agreement;
8.8 individual amount of the customer guarantor's obligations;
8.9 number of customers;
8.10 number of customer's guarantors;
8.11 reference to a syndicated loan;
8.12 status of the customer's obligations;
8.13 type of origin of the customer's obligations;
8.14 type of termination of the customer's obligations;
8.15 data submitter.
 
9. Periodic data on the customer's obligations:
9.1 actual outstanding obligations of the customer;
9.2 next interest rate reset date;
9.3 calendar quarter.
 
10. Periodic data on the customer guarantor's obligations:
10.1 actual outstanding obligations of the customer;
10.2 calendar quarter.
 
11. Data on the supervision of financial market participants and macroeconomic analysis:
11.1 general data on the customer's obligations:
11.1.1 individual reference to the customer's close links;
11.1.2 [deleted]
11.1.3 amount of losses;
11.1.4 value of collateral;
11.2 general data on the obligations of the customer's guarantor – individual reference to the customer guarantor's close links;
11.3 periodic data:
11.3.1 classification group of the customer's obligations;
11.3.11 reference to the restructuring of the customer's obligations or loans in workout;
11.3.2 provisions for the principal of the customer's obligations;
11.3.3 type of quality assessment of the customer's obligations;
11.3.31 probability of the customer's default on its obligations;
11.3.32 potential losses in the event of the customer's default on its obligations;
11.3.33 reference to the assessment method;
11.3.4 number of days overdue;
11.3.5 delayed principal of the customer's obligations;
11.3.6 delayed interest of the customer's obligations;
11.3.7 reference to the accounting.
 
12. Data on the violations of the customer obligations or the customer guarantor's obligations:
12.1 violation date;
12.2 violation reporting start date;
12.3 date of eliminating violation.
 
13.Date of entering, updating and correcting data on the customer or the customer's guarantor and general data:
13.1 date of data entry;
13.2 date of data updating or correction.
 
14. Date of entering and correcting periodic data:
14.1 date of entering periodic data;
14.2 date of correcting periodic data.
 
15. Date of entering and correcting data on the violations of the customer obligations or the customer guarantor's obligations:
15.1 date of entering violation data;
15.2 date of correcting violation data;
15.3 date of entering data on violation elimination;
15.4 date of correcting data on violation elimination.
 
16. Data on requesting the Register data:
16.1 date of the data request submission;
16.2 data request submitter.

3. Contents of the Register Data and Provisions for Data Entry in the Register

3.1 General provisions for data entry in the Register

17. A Register participant and restricted Register participant shall enter in the Register all data provided for herein, unless stipulated otherwise in the present Regulation.

18. Where the periodic data have to be entered in the Register prior to the deadline stipulated for the entry of data on the customer or customer's guarantor and general data on the customer's obligations or the customer guarantor's obligations in the Register, and the above data have not been entered in the Register, the periodic data shall not be entered in the Register.

19. Data on the violations of the customer's obligations shall be entered in the Register where the customer has delayed the payment stipulated by the agreement, based on which such customer receives financial service associated with credit risk (hereinafter, a customer agreement), for more than 60 calendar days and the amount of the entire arrears of the customer, including the late payment interest and contractual penalty, amounts to 150 euro or the respective equivalent in foreign currency.

20. Where the rights and obligations or credit claims are taken over from other person, data on the violations of the relevant customer's obligations shall be entered in the Register where the above customer has delayed the payment stipulated by the customer agreement for more than 60 calendar days of the date on which the rights and obligations or the credit claims have been taken over, and the amount of the entire arrears, including the late payment interest and contractual penalty, amounts to 150 euro or the respective equivalent in foreign currency.

21. Data on the violations of the customer guarantor's obligations shall be entered in the Register, where the customer's guarantor has delayed the payment stipulated by the agreement (guarantee), based on which the customer's guarantor has assumed liability in the amount specified therein for the customer's obligations where such customer is not exempt from its obligations (hereinafter, a customer guarantor's agreement), for more than 60 calendar days and the amount of the entire arrears of the customer's guarantor, including the late payment interest and contractual penalty, amounts to 150 euro or the respective equivalent in foreign currency.

22. Where the rights and obligations or credit claims are taken over from other person, data on the violations of the relevant customer guarantor's obligations shall be entered in the Register where the above customer's guarantor has delayed the payment stipulated by the customer guarantor's agreement for more than 60 calendar days of the date on which the rights and obligations or credit claims have been taken over, and the amount of the entire arrears, including the late payment interest and contractual penalty, amounts to 150 euro or the respective equivalent in foreign currency.

23. Where the violation of the customer obligations or the customer guarantor's obligations has been eliminated as at 00.01 on the date of acquiring the status of the Register participant, the data on the above violation of the customer obligations or the customer guarantor's obligations shall not be entered in the Register.
23.1 Where the Register participant or restricted Register participant has reasonable doubts that the obligations of the customer or the customer's guarantor or the violations of the customer obligations or the customer guarantor's obligations are associated with a particular customer or the customer's guarantor, the data on the relevant customer or the customer's guarantor, the data on the relevant obligations of the customer or the customer's guarantor or the data on the relevant violation of the customer obligations or the customer guarantor's obligations shall not be entered in the Register.
23.2 Where the customer is a joint customer and the effective date of the above customer's agreement is later than the effective date of the joint customer's agreement, the Register data characterising the joint customer's obligations prior to the date when the relevant customer's agreement takes effect shall not apply to the above customer's obligations.
23.3 Where the effective date of the customer guarantor's agreement is later than the effective date of the customer's agreement, the Register data characterising the customer's obligations prior to the date when the customer guarantor's agreement takes effect shall not apply to the customer guarantor's obligations.
23.4 Where the customer is a joint customer and the settlement date of the joint customer's obligations as per joint customer's agreement is later than the settlement date of the above customer's obligations as per the above customer's agreement, the Register data characterising the joint customer's obligations in the subsequent period following the settlement date of the customer's obligations referred to in this Paragraph shall not apply to the above customer's obligations.
23.5 Where the actual termination date of the customer's obligations is later than the actual termination date of the customer guarantor's obligations, the Register data characterising the customer's obligations in the subsequent period following the actual termination date of the customer guarantor's obligations shall not apply to the above customer guarantor's obligations.
 

3.2 Contents of data on the customer or the customer's guarantor and provisions for such data entry in the Register

3.2.1 Person's identity number

24. The data Person's identity number shall be entered in the Register where a customer or a customer's guarantor is a natural person.

25. Where the customer or the customer's guarantor is a resident pursuant to Latvijas Banka's regulation stipulating the procedure for compiling the monthly financial position report of monetary financial institutions (hereinafter, a resident), the person's identity number issued in accordance with the legislative acts governing the performance of the Population Register shall be provided upon entry of the data Person's identity number in the Register.

26. Where the customer or the customer's guarantor is a non-resident pursuant to Latvijas Banka's regulation stipulating the procedure for compiling the monthly financial position report of monetary financial institutions (hereinafter, a non-resident), the person's identity number issued by the competent authority of the country specified as issuing each document that verifies the person's identity and has been presented to the Register participant or restricted Register participant shall be stated upon entry of the data Person's identity number in the Register. Where the person's identity number has not been assigned to such customer or the customer's guarantor, the data Person's identity number shall not be entered in the Register.

3.2.2 Number of the person's identity document

27. The data Number of the person's identity document shall be entered in the Register where the customer or the customer's guarantor is a non-resident natural person.

28. When entering the data Number of the person's identity document in the Register, the number of each document verifying the person's identity and presented to the Register participant or restricted Register participant shall be stated.

3.2.3 Code of the country issuing the person's identity document

29. The data Code of the country issuing the person's identity document shall be entered in the Register where the customer or the customer's guarantor is a non-resident natural person.

30. When entering the data Code of the country issuing the person's identity document in the Register, the code of the country issuing each document verifying the person's identity and presented to the Register participant or restricted Register participant shall be stated in accordance with LVS EN ISO 3166-1:2007 standard "Codes for the representation of names of countries and their subdivisions" (hereinafter, ISO 3166 standard).

3.2.4 Date of birth

31. The data Date of birth shall be entered in the Register where the customer or the customer's guarantor is a non-resident natural person.

32. When entering the data Date of birth in the Register, the date of birth of the customer or the customer's guarantor shall be stated.

3.2.5 Uniform registration number

33. The data Uniform registration number shall be entered in the Register where the customer or the customer's guarantor is a resident legal person.

34. When entering the data Uniform registration number in the Register, a uniform registration number of the customer or the customer's guarantor or the taxpayer's code shall be stated.

3.2.6 Code of the country of registration

35. The data Code of the country of registration shall be entered in the Register where the customer or the customer's guarantor is a non-resident legal person.

36. When entering the data Code of the country of registration in the Register, the country code shall be stated in accordance with ISO 3166 standard.

3.2.7 Registration number

37. The data Registration number shall be entered in the Register where the customer or the customer's guarantor is a non-resident legal person.

38. When entering the data Registration number in the Register, the customer or the customer guarantor's registration number in the country of registration shall be stated.

3.2.8 Registration date

39. The data Registration date shall be entered in the Register where the customer or the customer's guarantor is a non-resident legal person.

40. When entering the data Registration date in the Register, the date of registration of the customer or the customer's guarantor in the country of registration shall be stated.

3.2.9 Name and surname

41. The data Name and surname shall be entered in the Register where the customer or the customer's guarantor is a natural person.

42. When entering the data Name and surname in the Register, the name and surname of the customer or the customer's guarantor shall be stated.

3.2.10 Name

43. The data Name shall be entered in the Register where the customer or the customer's guarantor is a legal person.

44. When entering the data Name in the Register, the name of the customer or the customer's guarantor shall be stated.

45. Where the customer is an investment management company borrowing on account of an investment fund, the data Name entered in the Registershall contain the names of the investment management company and the respective investment fund, using the symbols "%%" as a special sign for separating the above names.

3.2.11 Registered address

46. The data Registered address shall be entered in the Register where the customer or the customer's guarantor is a non-resident legal person.

47. When entering the data Registered address in the Register, the registered address of the customer or the customer's guarantor in the relevant country shall be stated.

3.2.12 Status

48. When entering the data Status in the Register, the person's respective status – a customer or a customer's guarantor shall be stated.

3.2.13 Sector of the economy

48.1 The data Sector of the economy shall be entered in the Register where the customer is a legal person who is neither a local government nor a non-profit institution serving households (natural persons or legal persons governed by private law).

48.2 When entering the data Sector of the economy in the Register, the sector of the economy where the customer operates its business permanently shall be stated in accordance with the classificator (Appendix 2), defined by Regulation (EC) No 1893/2006 of the European Parliament and of the Council of 20 December 2006 establishing the statistical classification of economic activities NACE Revision 2 and amending Council Regulation (EEC) No 3037/90 as well as certain EC Regulations on specific statistical domains (hereinafter, NACE Rev.2).

3.2.14 Category

48.3 The data Category shall be entered in the Register where the customer is a legal person.

48.4 When entering the data Category in the Register, the customer's category shall be stated according to the classificator (Appendix 3).

3.3 Contents of the general data on the customer's obligations or the customer guarantor's obligations and provisions for such data entry in the Register

3.3.1 Type of the customer's obligations

49. When entering the data Type of the customer's obligations in the Register, the type of the customer's obligations shall be stated in accordance with the classificator (Appendix 1).

3.3.2 [deleted]

50. [deleted]

51. [deleted]

52. [deleted]

3.3.3 [deleted]

53. [deleted]

54. [deleted]

3.3.4 Date of the customer's obligations taking effect

55. When entering the data Date of the customer's obligations taking effect in the Register,the effective date of the customer's agreement shall be stated.

56. Where the rights and obligations or credit claims have been taken over from other person, the date of taking over such rights and obligations or credit claims shall be stated when entering the data Date of the customer's obligations taking effect in the Register.

57. [deleted]

58. [deleted].

3.3.5 Individual date of the customer's obligations taking effect

59. The data Individual date of the customer's obligations taking effect shall be entered in the Register where the customer is a joint customer and the effective date of the above customer's agreement is later than the effective date of the joint customer's agreement.

60. Where the rights and obligations or credit claims have been taken over from other person, the data Individual date of the customer's obligations taking effect shall be entered in the Register, if the customer is a joint customer and the effective date of the above customer's agreement is later than the date of taking over the rights and obligations or credit claims.

61. When entering the data Individual date of the customer's obligations taking effect in the Register,the effective date of the customer's agreement shall be stated.

3.3.6 Individual date of the customer guarantor's obligations taking effect

62. The data Individual date of the customer guarantor's obligations taking effect shall be entered in the Register where the effective date of the customer guarantor's agreement is later than the effective date of the customer's agreement. Where the customer's guarantor has undertaken the liability for the joint customers' obligations and the effective dates of the joint customers' agreements differ, the data Individual date of the customer guarantor's obligations taking effect shall be entered in the Register only if the effective date of the customer guarantor's agreement is later than the effective date of any joint customer's agreement.

63. Where the rights and obligations or credit claims have been taken over from other person, the data Individual date of the customer guarantor's obligations taking effect shall be entered in the Register, if the effective date of the relevant customer guarantor's agreement is later than the date on which the rights and obligations or credit claims are taken over.

64. When entering the data Individual date of the customer guarantor's obligations taking effect in the Register,the effective date of the customer guarantor's agreement shall be stated.

3.3.7 End date of the customer's obligations as per customer agreement

65. When entering the data End date of the customer's obligations as per customer agreement in the Register, the date of settling the customer's obligations as per customer agreement shall be stated. Where a definite settlement date has not been stipulated for the customer's obligations as per customer agreement (obligations to be settled on demand), the data End date of the customer's obligations as per customer agreement shall not be entered in the Register.

66. [deleted]

67. [deleted]

3.3.8 Actual termination date of the customer's obligations

68. When entering the data Actual termination date of the customer's obligations in the Register,the actual termination date of the customer's obligations shall be stated.

69. Where the rights and obligations or credit claims have been transferred to other person, the date of transferring such rights and obligations or credit claims shall be stated when entering the data Actual termination date of the customer's obligations in the Register.

70. [deleted]

71. [deleted]

3.3.9 Individual end date of the customer's obligations as per customer agreement

72. The data Individual end date of the customer's obligations as per customer agreement shall be entered in the Register where the customer is a joint customer and the settlement date of such joint customer's obligations as per joint customer's agreement is later than the settlement date of such customer's obligations as per customer agreement.

73. Where the rights and obligations or credit claims have been transferred to other person, the data Individual end date of the customer's obligations as per customer agreement shall be entered in the Register, if the customer is a joint customer and the date of transferring the relevant rights and obligations or credit claims is later than the settlement date of the above customer's obligations as per customer agreement.

74. When entering the data Individual end date of the customer's obligations as per customer agreement in the Register, the termination date of the customer's obligations as per customer agreement.

3.3.91 Individual date of the actual termination of the customer's obligations

74.1 The data Individual date of the actual termination of the customer's obligations shall be entered in the Register where the customer is a joint customer and the date of the actual termination of such joint customer's obligations is later than the date of the actual termination of such customer's obligations or the date of the actual termination of customer guarantor's obligations is later than the date of the actual termination of such customer's obligations.

74.2 Where the rights and obligations or credit claims have been transferred to other person, the data Individual date of the actual termination of the customer's obligations shall be entered in the Register where the date of transferring the above rights and obligations or credit claims is later than the date of the actual terminationof the relevant customer's obligations.

74.3 When entering the data Individual date of the actual termination of the customer's obligations in the Register, the date of the actual termination of the customer's obligations shall be stated.

3.3.10 Individual end date of the customer guarantor's obligations as per customer guarantor's agreement

75. The data Individual end date of the customer guarantor's obligations as per customer guarantor's agreement shall be entered in the Register, where the settlement date of the customer guarantor's obligations as per customer guarantor's agreement and the settlement date of the customer's obligations as per customer agreement differ.

76. Where the rights and obligations or credit claims have been transferred to other person, the data Individual end date of the customer guarantor's obligations as per customer guarantor's agreement shall be entered in the Register, if the date of transferring the above rights and obligations or credit claims is later than the settlement date of the relevant customer guarantor's obligations as per such customer guarantor's agreement.

77. When entering the data Individual end date of the customer guarantor's obligations as per customer guarantor's agreement in the Register, the termination date of the customer guarantor's obligations as per customer guarantor's agreement shall be stated.

3.3.101 Individual date of the actual termination of customer guarantor's obligations

77.1 The data Individual date of the actual termination of customer guarantor's obligations shall be entered in the Register, where the date of the actual termination of the customer's obligations is later than the date of the actual termination of the customer guarantor's obligations.

77.2 Where the rights and obligations or credit claims have been transferred to other person, the data Individual date of the actual termination of customer guarantor's obligations shall be entered in the Register, if the date of transferring the rights and obligations or credit claims is later than the date of the actual termination of the relevant customer guarantor's obligations.

77.3 When entering the data Individual date of the actual termination of customer guarantor's obligations in the Register, the date of the actual termination of the customer guarantor's obligations shall be stated.  

3.3.11 Amount of the customer's obligations as per customer agreement

78. When entering the data Amount of the customer's obligations as per customer agreement in the Register, the amount of the customer's obligations (for payment card credit – the maximum possible credit limit; for a loan granted for real estate purchase or financial leasing – the principal of the loan; for operational leasing – sum total of leasing payments, excluding interest payments and tax amount; for factoring – the maximum possible factoring limit etc.) as per customer agreement and currency in accordance with LVS ISO 4217:2008 standard "Codes for the representation of currencies and funds" (hereinafter, ISO 4217 standard) shall be stated.

79. Where a syndicated loan has been granted pursuant to a customer's agreement, the amount of the syndicated loan stipulated by the customer agreement and currency – in accordance with ISO 4217 standard granted by the relevant Register participant or restricted Register participant pursuant to the customer agreement shall be stated when entering the data Amount of the customer's obligations as per customer agreement in the Register.

80. Where the data Individual amount of the customer guarantor's obligations is entered in the Register upon entry of the general data on the customer guarantor's obligations in the Register, the data Amount of the customer's obligations as per customer agreement shall not be entered in the Register.

3.3.12 Individual amount of the customer guarantor's obligations

81. The data Individual amount of the customer guarantor's obligations shall be entered in the Register, where the customer's guarantor has assumed liability for part of the obligations as per customer agreement.

82. When entering the data Individual amount of the customer guarantor's obligations in the Register, the amount of the customer guarantor's obligations as per customer guarantor's agreement and currency in accordance with ISO 4217 standard shall be stated.

3.3.13 Number of customers

83. The data Number of customers are generated automatically in the Register when the data on the customer and general data on the customer's obligations are entered in the Register and when the relevant Register data are updated or cancelled.

84. Where the customer's obligations have not been terminated and the rights and obligations or credit claims have not been transferred to other person, the current number of joint customers shall be stated when entering the data Number of customers in the Register.

84.1 Where the customer's obligations have been terminated, the number of joint customers as at the date of the actual termination of the customer's obligations shall be stated when entering the data Number of customers in the Register.

84.2 Where the rights and obligations or credit claims have been transferred to other person, the number of joint customers as at the date of transferring the rights and obligations or credit claims shall be stated when entering the data Number of customers in the Register.

3.3.14 Number of customer's guarantors

85. The data Number of customer's guarantors are generated automatically in the Register when the data on the customer's guarantor and general data on the customer guarantor's obligations are entered in the Register, and when the relevant Register data are updated or cancelled.

86. Where the customer's obligations have not been terminated and the rights and obligations or credit claims have not been transferred to other person, the number of customer's guarantors who have a valid guarantee commitment for the customer's obligations shall be stated when entering the data Number of customer's guarantors in the Register.

86.1 Where the customer's obligations have been terminated, the number of customer's guarantors who have a valid guarantee commitment for the customer's obligations as at the date of the actual termination of the customer's obligations shall be stated when entering the data Number of customer's guarantors in the Register.

86.2 Where the rights and obligations or credit claims have been transferred to other person, the number of customer's guarantors who have a valid guarantee commitment for the customer's obligations as at the date of transferring the rights and obligations or credit claims shall be stated when entering the data Number of customer's guarantors in the Register.

3.3.15 Reference to a syndicated loan

87. The data Reference to a syndicated loan shall be entered in the Register, where a syndicated loan has been granted to the customer as per customer agreement.

3.3.16 Type of collateral

88. Where one or several collaterals have been stipulated in the loan agreement, the types of all collaterals as per customer agreement shall be stated separately or consolidated in accordance with the classificator (Appendix 4) when entering the data Type of collateral in the Register.

89. Where no collateral has been stipulated in the customer agreement, the code "110" shall be stated when entering the data Type of collateral in the Register.

3.3.161 Code of the country of collateral registration

89.1 The data Code of the country of collateral registration shall be entered in the Register, where a real estate registered outside the Republic of Latvia is used as collateral.

89.2 When entering the data Code of the country of collateral registration, the code of the country where the real estate used as collateral has been registered, shall be stated in accordance with ISO 3166 standard.

3.3.17 Status of the customer's obligations

90. When entering the data Status of the customer's obligations in the Register, the actual status of the customer's obligations shall be stated in accordance with the classificator (Appendix 5).

3.3.18 Type of origin of the customer's obligations

91. When entering the data Type of origin of the customer's obligations in the Register, the type of origin of the customer's obligations shall be stated in accordance with the classificator (Appendix 6).

3.3.19 Type of termination of the customer's obligations

92. When entering the data Type of termination of the customer's obligations in the Register, the type of termination of the customer's obligations shall be stated in accordance with the classificator (Appendix 7).

3.3.20 Data submitter

93. When entering the data Data submitter in the Register, the name of the Register participant or restricted Register participant who enters the data on the customer or the customer's guarantor, its obligations and violations in the Register shall be stated.

3.4 Contents of periodic data on the customer's obligations or the customer guarantor's obligations and provisions for such data entry in the Register

3.4.1 Actual outstanding obligations of the customer

94. When entering the data Actual outstanding obligations of the customer in the Register, the actual outstanding obligations of the customer recorded by the Register participant or restricted Register participant as at the end of the calendar quarter (for payment card credit – the actual outstanding principal of credit paid out; for loans granted for real estate purchase or financial leasing – the actual outstanding principal of the loan paid out; for operational leasing – the outstanding sum total of leasing payments excluding interest payments and tax amount; for factoring – the actual outstanding principal of the loan paid out etc.) and currency in accordance with ISO 4217 standard shall be stated.

3.4.2 Next interest rate reset date

95. The data Next interest rate reset date shall be entered in the Register where the customer's obligations are recognised in the balance sheet of the Register participant or restricted Register participant at the end of the calendar quarter and deadline for the interest rate reset has been stipulated by the customer agreement.

96. When entering the data Next interest rate reset date in the Register, the next date on which interest rate has to be reset after the end of the calendar quarter pursuant to the customer agreement shall be stated.

3.4.3 Calendar quarter

97. When entering the data Calendar quarter in the Register, the year and sequence number of the calendar quarter shall be stated.

3.5 Contents of data on the supervision of financial market participants and macroeconomic analysis, and provisions for such data entry in the Register

3.5.1 Individual reference to the customer's close links

98. The data Individual reference to the customer's close links shall be entered in the Register by the Register participant that is a credit institution registered in the Republic of Latvia or an equivalent economic operator registered in another country (hereinafter, a credit institution), a commercial company registered in the Republic of Latvia and having close links with credit institution (as defined by the Law "On Credit Institutions") or an economic operator equivalent to such credit institution and registered in another country (hereinafter, a commercial company having close links with credit institution) or an economic operator registered in the Republic of Latvia and entitled to make insurance or an equivalent economic operator registered in another country (hereinafter, an insurer) and also a restricted Register participant who has lost the relevant Register participant's status.

99. The Register participant that is a credit institution or commercial company having close links with credit institution, or restricted Register participant who has lost the Register participant's status shall enter the data Individual reference to the customer's close links in the Register, where the above Register participant or restricted Register participant has close links with the relevant customer (as defined by the Law "On Credit Institutions").

100. The Register participant that is an insurer or restricted Register participant who has lost such Register participant's status shall enter the data Individual reference to the customer's close links in the Register, where the above Register participant or restricted Register participant has close links with the relevant customer (as defined by the Law "On Insurance Companies and Supervision Thereof").

3.5.2 Individual reference to the customer guarantor's close links

101. The data Individual reference to the customer guarantor's close links shall be entered in the Register by the Register participant that is a credit institution, commercial company having close links with credit institution or insurer and also a restricted Register participant who has lost the Register participant's status.

102. The Register participant that is a credit institution or commercial company having close links with credit institution or restricted Register participant who has lost the Register participant's status shall enter the data Individual reference to the customer guarantor's close links in the Register, where the above Register participant or restricted Register participant has close links with the relevant customer's guarantor (as defined by the Law "On Credit Institutions").

103. The Register participant who is an insurer or restricted Register participant who has lost the Register participant's status shall enter the data Individual reference to the customer guarantor's close links in the Register, where the above Register participant or restricted Register participant has close links with the relevant customer's guarantor (as defined by the Law "On Insurance Companies and Supervision Thereof").

3.5.3 [deleted]

104. [deleted]

3.5.4 Amount of losses

105. The data Amount of losses shall be entered in the Register where the Register participant or restricted Register participant writes off the customer's obligations in full or in part, deleting them from its balance sheet in full or in part.

106. When entering the data Amount of losses in the Register, the amount of losses calculated by the Register participant or restricted Register participant in euro as at the moment of writing off the customer's obligations in full or in part shall be stated.

3.5.5 Value of collateral

107. The data Value of collateral shall be entered in the Register where one or several collaterals have been stipulated by the customer agreement.

108. Where the value of collateral is often revaluated (including the loans collateralised by securities), the data Value of collateral shall be updated no more than once in three months.

109. When entering the data Value of collateral in the Register, the value of each item of collateral as per customer agreement and currency shall be stated in accordance with ISO 4217 standard.

110. Where several obligations of the customer have the same collateral, the part of the value of collateral which covers the relevant obligations of the customer subject to the decision of the Register participant or restricted Register participant and currency shall be stated in accordance with ISO 4217 standard when entering the data Value of collateral in the Register.

111. Where collateral stipulated for part of a syndicated loan granted by the Register participant or restricted Register participant pursuant to the customer agreement is a part of larger collateral, the value of such part of the collateral and currency shall be stated in accordance with ISO 4217 standard when entering the data Value of collateral in the Register.

112. The Register participant that is a credit institution shall state the value of the collateral in compliance with the Commission Regulation on Asset Quality Assessment and Provisioning, subject to the provisions of Paragraph 108 herein.

113. When entering the data Value of collateral in the Register, the Register participant other than a credit institution or a restricted Register participant shall state the value of collateral on the effective date of the customer's agreement and shall update it in line with the internal procedures established by the above Register participant or restricted Register participant, subject to the provisions of Paragraph 108 herein.

114. Where the rights and obligations or credit claims have been taken over from other person, the Register participant other than a credit institution or a restricted Register participant shall state the value of collateral on the date of taking over the above rights and obligations or credit claims when entering the data Value of collateral in the Register and shall update the above value in line with the internal procedures of the above Register participant or restricted Register participant, subject to the provisions of Paragraph 108 herein.

3.5.6 Classification group of the customer's obligations

115. The data Classification group of the customer's obligations shall be entered in the Register by the Register participant that is a credit union at the end of the calendar quarter.

116. The data Classification group of the customer's obligations shall be entered in the Register where the customer's obligations are recognised in the Register participant's balance sheet at the end of the calendar quarter.

117. When entering the data Classification group of the customer's obligations in the Register, the code of the classification group of the customer's obligations shall be stated in accordance with the classificator (Appendix 8) as provided for by the Commission Regulation on Assets Quality Assessment and Provisioning.

3.5.61 Reference to the restructuring of the customer's obligations or loans in workout

117.1 The data Reference to the restructuring of the customer's obligations or loans in workout shall be entered in the Register where the status of the customer's obligations at the end of the calendar quarter is consistent with code "20" or code "30" referred to in the classificator (Appendix 5).

117.2 When entering the data Reference to the restructuring of the customer's obligations or loans in workout in the Register, the actual status of the customer's obligations at the end of the calendar quarter shall be stated in accordance with the classificator (Appendix 5).

3.5.7 Provisions for the principal of the customer's obligations

118. The data Provisions for the principal of the customer's obligations shall be entered in the Register where the customer's obligations are recognised in the balance sheet of the Register participant or restricted Register participant at the end of the calendar quarter.

119. When entering the data Provisions for the principal of the customer's obligations in the Register, the Register participant that is a credit institution, a subsidiary, registered in the Republic of Latvia, of a credit institution registered in the Republic of Latvia (hereinafter, a subsidiary of Latvia's credit institution) or a credit union as at the end of the calendar quarter shall state the amount of provisions accumulated for the principal of the customer's obligations as at the end of the calendar quarter in compliance with the Commission Regulation on Assets Quality Assessment and Provisioning and currency in accordance with ISO 4217 standard. Where provisions for the principal of the customer's obligations and interest cannot be reported separately, the above Register participant shall state the total amount of provisions as at the end of the calendar quarter and currency in accordance with ISO 4217 standard, when entering the data Provisions for the principal of the customer's obligations in the Register.

120. When entering the data Provisions for the principal of the customer's obligations in the Register, the amount of provisions accumulated for the customer's obligations grouped according to similar risk parameters for assessment purposes and assessed in compliance with the Commission Regulation on Assets Quality Assessment and Provisioning, and currency in accordance with ISO 4217 standard shall be reported for the customer's obligations on a case-by-case basis by the Register participant that is a credit institution at the end of the calendar quarter. To estimate the amount of provisions for the customer's obligations in the group on a case-by-case basis, the total amount of provisions accumulated for the customer's obligations in the group shall be divided in proportion to the actual outstanding obligations of the customer on a case-by-case basis.

121. When entering the data Provisions for the principal of the customer's obligations in the Register, the Register participant other than a credit institution, a subsidiary of Latvia's credit institution or a credit union at the end of the calendar quarter, as well as a restricted Register participant shall record impairment losses as at the end of the calendar quarter recognised in financial statements in accordance with the accounting standards and currency in accordance with ISO 4217 standard.

3.5.8 Type of quality assessment of the customer's obligations

122. The Register participant that is a credit institution, subsidiary of Latvia's credit institution or credit union at the end of the calendar quarter shall enter the data Type of quality assessment of the customer's obligations in the Register.

123. The data Type of quality assessment of the customer's obligations shall be entered in the Register where the customer's obligations are recognised in the Register participant's balance sheet at the end of the calendar quarter.

124. When entering the data Type of quality assessment of the customer's obligations in the Register, it shall be stated whether the quality of the customer's obligations has been assessed individually or in the group of loans, defined pursuant to the Commission Regulation on Assets Quality Assessment and Provisioning.

3.5.81 Probability of the customer's default on its obligations

124.1 The data Probability of the customer's default on its obligations shall be entered in the Register by the Register participant that is a credit institution registered in the Republic of Latvia and applies internal rating based approach (IRB) to determine the capital requirement for a credit risk exposure at the end of the calendar quarter.

124.2 The data Probability of the customer's default on its obligations shall be entered in the Register where the customer is a natural person whose type of the customer's obligations is consistent with code "80" referred to in the classificator (Appendix 1) or a legal person, and the customer's obligations are recognised in the Register participant's balance sheet at the end of the calendar quarter.

124.3 When entering the data Probability of the customer's default on its obligations in the Register, the probability of the customer's default on its obligations shall be reported as percentage at the end of the calendar quarter in accordance with the point-in-time method. Where only the through-the-cycle method is used in assessing the customer's obligations in order to estimate the probability of the customer's default on its obligations, the said probability shall be reported as percentage at the end of the calendar quarter in accordance with the through-the-cycle method.

3.5.82 Potential losses in the event of the customer's default on its obligations

124.4 The data Potential losses in the event of the customer's default on its obligations shall be entered in the Register by the Register participant that is a credit institution registered in the Republic of Latvia and applies internal rating based approach (IRB) to determine the capital requirement for a credit risk exposure at the end of the calendar quarter.

124.5 The data Potential losses in the event of the customer's default on its obligations shall be entered in the Register where the customer is a natural person whose type of the customer's obligations is consistent with code "80" referred to in the classificator (Appendix 1) or a legal person, and the customer's obligations are recognised in the Register participant's balance sheet at the end of the calendar quarter.

124.6 When entering the data Potential losses in the event of the customer's default on its obligations in the Register, the potential losses in the event of the customer's default on its obligations to the actual outstanding obligations of the customer at the end of the calendar quarter (percentage share), estimated in accordance with Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012, shall be reported.

3.5.83 Reference to the assessment method

124.7 The data Reference to the assessment method shall be entered in the Register where the through-the-cycle method is used in assessing the customer's obligations in order to estimate the probability of the customer's default on its obligations.

3.5.9 Number of days overdue

125. The data Number of days overdue shall be entered in the Register where the customer's obligations are recognised in the balance sheet of the Register participant or restricted Register participant at the end of the calendar quarter and are deemed overdue, pursuant to the customer agreement.

126. When entering the data Number of days overdue in the Register, the number of days overdue shall be stated at the end of the calendar quarter.

3.5.10 Delayed principal of the customer's obligations

127. The data Delayed principal of the customer's obligations shall be entered in the Register by the Register participant that is a credit institution, commercial company having close links with credit institution or a credit union at the end of the calendar quarter and also restricted Register participant who has lost the status of such Register participant.

128. The data Delayed principal of the customer's obligations shall be entered in the Register where, pursuant to the customer agreement recognised in the balance sheet of the Register participant or restricted Register participant at the end of the calendar quarter, the principal payment has been delayed.

129. When entering the data Delayed principal of the customer's obligations in the Register, the delayed principal of the customer's obligations at the end of the calendar quarter and currency shall be reported in accordance with ISO 4217 standard.

130. Where the delayed principal of the customer's obligations cannot be split from the delayed interest, the delayed total amount of the customer's obligations as at the end of the calendar quarter and currency shall be reported in accordance with ISO 4217 standard when entering the data Delayed principal of the customer's obligations in the Register.

3.5.11 Delayed interest of the customer's obligations

131. The data Delayed interest of the customer's obligations shall be entered in the Register by the Register participant that is a credit institution, commercial company having close links with credit institution or credit union at the end of the calendar quarter, and also by the restricted Register participant who has lost the status of such Register participant.

132. The data Delayed interest of the customer's obligations shall be entered in the Register where, pursuant to the customer agreement recognised in the balance sheet of the Register participant or restricted Register participant at the end of the calendar quarter, the interest payment has been delayed and such delayed interest payment can be reported separately from the delayed principal.

133. When entering the data Delayed interest of the customer's obligations in the Register, the delayed interest of the customer's obligations as at the end of the calendar quarter and currency shall be reported in accordance with ISO 4217 standard.

3.5.12 Reference to the accounting

133.1 The data Reference to the accounting shall be entered in the Register where the customer's obligations are not recognised in the balance sheet of the Register participant or restricted Register participant at the end of the calendar quarter.

3.6 Contents of data on the violations of the customer obligations or the customer guarantor's obligations and provisions for such data entry in the Register

3.6.1 Violation date

134. Where the data on the violations of the customer's obligations are entered in the Register, the date wherefrom the customer has delayed the payment stipulated by the customer's agreement, subject to Paragraph 19 or 20 herein, shall be stated when entering the data Violation date in the Register.

135. When entering the data on the violations of the customer's obligations in the Register, the data Violation date shall not be entered in the Register recurrently unless the data Date of eliminating violation have been entered in the Register.

136. Where the data on the violations of the customer guarantor's obligations are entered in the Register, the date wherefrom the customer's guarantor has delayed the payment stipulated by the customer guarantor's agreement, subject to Paragraph 21 or 22 herein, shall be stated when entering the data Violation date in the Register.

137. When entering the data on the violations of the customer guarantor's obligations in the Register, the data Violation date shall not be entered in the Register recurrently unless the data Date of eliminating violation have been entered in the Register.

3.6.2 Violation reporting start date

138. Where the data on the violations of the customer's obligations are entered in the Register, the effective date of the provisions stipulated in Paragraph 19 or 20 herein shall be stated when entering the data Violation reporting start date in the Register.

139. Where the data on the violations of the customer guarantor's obligations are entered in the Register, the effective date of the provisions of Paragraph 21 or 22 herein shall be stated when entering the data Violation reporting start date in the Register.

3.6.3 Date of eliminating violation

140. When entering the data on the violations of the customer's obligations in the Register, the data Date of eliminating violation shall be entered in the Register, where the data Violation date and data Violation reporting start date have been entered in the Register and all delayed payments as per customer agreement settled in full.

141. Where the data on the violations of the customer's obligations are entered in the Register, the date of full settlement of all delayed payments as per customer agreement shall be stated when entering the data Date of eliminating violation in the Register.

142. When entering the data on the violations of the customer guarantor's obligations in the Register, the data Date of eliminating violation shall be entered in the Register where the data Violation date and data Violation reporting start date are entered in the Register and all delayed payments as per customer guarantor's agreement have been settled in full.

143. Where the data on the violations of the customer guarantor's obligations are entered in the Register, the date of full settlement of all delayed payments as per customer guarantor's agreement shall be stated when entering the data Date of eliminating violation in the Register.

3.7 Date of entering, updating and correcting data on the customer and customer's guarantor and general data, and provisions for such data entry in the Register

3.7.1 Date of data entry

144. The data Date of data entry are generated automatically in the Register when the data on the customer, customer's guarantor and general data are entered in the Register.

145. Upon entry of the data Date of data entry in the Register, the date of entering the data on the customer, customer's guarantor and general data in the Register shall be stated.

3.7.2 Date of updating or correcting data

146. The data Date of updating or correcting data are generated automatically in the Register when the Register data on a customer, customer's guarantor or general data are updated or corrected.

147. When entering the data Date of updating or correcting data in the Register, the date of updating or correcting the Register data on a customer, customer's guarantor or general data shall be stated.

3.8 Date of entering and correcting periodic data, and provisions for such data entry in the Register

3.8.1 Date of entering periodic data

148. The data Date of entering periodic data are generated automatically in the Register when periodic data are entered in the Register.

149. Upon entry of the data Date of entering periodic data in the Register, the date of entering such periodic data in the Register shall be stated.

3.8.2 Date of correcting periodic data

150. The data Date of correcting periodic data are generated automatically in the Register when the periodic Register data are corrected.

151. When entering the data Date of correcting periodic data in the Register, the date of correcting the periodic Register data shall be stated.

3.9 Date of entering and correcting data on the violations of the customer obligations or the customer guarantor's obligations and provisions for such data entry in the Register

3.9.1 Date of entering violation data

152. The data Date of entering violation data are generated automatically in the Register when the data Violation date and data Violation reporting start date are entered in the Register.

153. Upon entry of the data Date of entering violation data in the Register, the date of entering the data Violation date and data Violation reporting start date in the Register shall be stated.

3.9.2 Date of correcting violation data

154. The data Date of correcting violation data are generated automatically in the Register when the Register data Violation date or the data Violation reporting start date are corrected in the Register.

155. When entering the data Date of correcting violation data in the Register, the date of correcting the Register data Violation date or the data Violation reporting start date shall be stated.

3.9.3 Date of entering data on violation elimination

156. The data Date of entering data on violation elimination are generated automatically in the Register when the data Date of eliminating violation are entered in the Register.

157. Upon entry of the data Date of entering data on violation elimination in the Register, the date of entering the data Date of eliminating violation in the Register shall be stated.

3.9.4 Date of correcting data on violation elimination

158. The data Date of correcting data on violation elimination are generated automatically in the Register when the Register data Date of eliminating violation are corrected.

159. When entering the data Date of correcting data on violation elimination in the Register, the date of correcting the Register data Date of eliminating violation shall be stated.

3.10 Contents of data on the Register data requests and provisions for such data entry in the Register

3.10.1 Date of the data request submission

160. When entering the data Date of the data request submission in the Register, the date of submitting a data request to the Register shall be stated.

3.10.2 Data request submitter

161. When entering the data Data request submitter in the Register, the following shall be stated:
161.1 name and surname or entity name of the customer or the customer's guarantor requesting the Register data;
161.2 name of the Register participant or restricted Register participant requesting the Register data;
161.3 name and surname or entity name of other person, as referred to in the Law "On Credit Register", requesting the Register data.
 

4. Time Frame Established for Data Entry in the Register and Register Data Updating, Correction and Cancellation

162. Data on a customer and general data on the customer's obligations shall be entered in the Register within five business days of the date on which the customer agreement has taken effect.

163. Where the rights and obligations or credit claims have been taken over from other person, data on the relevant customer and general data on such customer's obligations shall be entered in the Register within ten business days of the date on which the rights and obligations or credit claims have been taken over. Where the Register participant takes over the rights and obligations or credit claims from other person and their total number exceeds half of the average number of new obligations of the above Register participant's customer per calendar month in the previous six calendar months, data on the relevant customers and general data on such customer obligations shall be entered in the Register within twenty business days of the date on which the above rights and obligations or credit claims have been taken over, notifying Latvijas Banka thereof in writing.

164. Data on current customers and general data on such customer obligations as at 00.01 a.m. on the date of acquiring the status of the Register participant shall be entered in the Register within two months of the date on which the status of the Register participant has been acquired. Where data on the violations of the above customer's obligations are to be entered in the Register prior to the time frame stipulated in the present Paragraph, the data on the above customer and general data on such customer's obligations shall be entered in the Register along with the data on the violations of such customer's obligations.

165. Data on the customer's guarantor and general data on such customer guarantor's obligations shall be entered in the Register within five business days of the customer guarantor's agreement taking effect.

166. Where the rights and obligations or credit claims have been taken over from other person, data on the relevant customer's guarantor and general data on such customer guarantor's obligations shall be entered in the Register within ten business days of the date on which the rights and obligations or credit claims have been taken over. Where the Register participant takes over the rights and obligations or credit claims from other person and their total number exceeds half of the average number of new obligations of the above Register participant's customer per calendar month in the previous six calendar months, data on the relevant customer's guarantors and general data on such customer guarantors' obligations shall be entered in the Register within twenty business days of the date on which the rights and obligations or credit claims have been taken over, notifying Latvijas Banka thereof in writing.

167. Data on current customer's guarantors and general data on such customer guarantors' obligations as at 00.01 a.m. on the date of acquiring the status of the Register participant shall be entered in the Register within two months of the date on which the status of a Register participant has been acquired. Where data on the violations of the above customer guarantor's obligations or the relevant customer's obligations are to be entered in the Register prior to the deadline stipulated in the present Paragraph, the data on the above customer's guarantor and general data on such customer guarantor's obligations shall be entered in the Register along with data on the violations of the above customer guarantor's obligations or the relevant customer's obligations.

168. Periodic data shall be entered in the Register within 10 business days after the end of a calendar quarter.

169. Data on the violations of the customer's obligations shall be entered in the Register within five business days of the date on which the provisions stipulated in Paragraph 19 or 20 herein have become effective.

170. Where the provisions stipulated in Paragraph 19 or 20 herein have become effective as at 00.01 a.m. on the date of acquiring the status of the Register participant or the provisions stipulated in Paragraph 19 or 20 herein become effective within one month of the date on which the status of the Register participant has been acquired, the data on the relevant violation of the customer's obligations shall be entered in the Register within two months of the date on which the status of such Register participant has been acquired but no earlier than within one month of the date of acquiring the status of the Register participant.

171. Data on the violations of the customer guarantor's obligations shall be entered in the Register within five business days of the date on which the provisions stipulated in Paragraph 21 or 22 herein have become effective.

172. Where the provisions stipulated in Paragraph 21 or 22 herein have become effective as at 00.01 a.m. on the date of acquiring the status of the Register participant or the provisions stipulated in Paragraph 21 or 22 herein become effective within one month of the date on which the status of the Register participant has been acquired, the data on the relevant violation of the customer guarantor's obligations shall be entered in the Register within two months of the date on which the status of such Register participant has been acquired but no earlier than within one month of the date of acquiring the status of the Register participant.

173. The data on eliminating violation of the customer's obligations shall be entered in the Register within five business days of the date on which all delayed payments stipulated by the customer agreement have been settled in full.

174. The data on eliminating violation of the customer guarantor's obligations shall be entered in the Register within five business days of the date on which all delayed payments stipulated by the customer guarantor's agreement have been settled in full.

175. The Register data shall be updated within five business days of identifying a change in the above data, pursuant to the provisions for the relevant data entry in the Register, as stipulated herein.

176. The Register data shall be corrected or cancelled within one business day of identifying such incorrect or unjustified data entry, but no later than within two weeks of the date on which information about a potential incorrect or unjustified data entry in the Register has been furnished.

5. Procedure whereby a Certification for the Correction or Cancellation of the Register Data Entered by a Former Register Participant Shall Be Signed at Latvijas Banka

177. For Latvijas Banka to correct or cancel the Register data entered by the former Register participant, the former Register participant and its customer, customer's guarantor or a person who has been incorrectly stated as such in the Register shall sign in person a certification of the correction or cancellation of incorrect Register data at Latvijas Banka, specifying information relevant for the above data correction or cancellation (Appendix 9).

178. The following persons shall sign in person a certification of the correction or cancellation of incorrect Register data at Latvijas Banka:
178.1 on behalf of the former Register participant – its representative or an authorised representative;
178.2 where a customer of the former Register participant, such customer's guarantor or a person who has been incorrectly stated as such in the Register is a natural person – the above natural person, its custodian or an authorised representative;
178.3 where a customer of the former Register participant, customer's guarantor or a person who has been incorrectly stated as such in the Register is a legal person – a representative of the above legal person or its authorised representative.
 
179. The signatory referred to in Paragraph 178 herein shall present the following documents to Latvijas Banka:
179.1 a representative of the former Register participant – a person's identity document;
179.2 an authorised representative of the former Register participant – a person's identity document and a letter of attorney regarding the right to sign a certification of the correction or cancellation of incorrect Register data;
179.3 a natural person who is a customer of the former Register participant, such customer's guarantor or a person who has been incorrectly stated as such in the Register – a person's identity document;
179.4 a custodian of a natural person who is a customer of the former Register participant, such customer's guarantor or a person who has been incorrectly stated as such in the Register – a person's identity document and a decision of the custody court on the custodian's appointment;
179.5 an authorised representative of a natural person who is a customer of the former Register participant, such customer's guarantor or a person who has been incorrectly stated as such in the Register – a person's identity document and a letter of attorney, notarised or certified in an equivalent way, regarding the right to sign a certification of the correction or cancellation of incorrect Register data;
179.6 a representative of a legal person who is a customer of the former Register participant, such customer's guarantor or a person who has been incorrectly stated as such in the Register – a person's identity document;
179.7 an authorised representative of a legal person who is a customer of the former Register participant, such customer's guarantor or a person who has been incorrectly stated as such in the Register – a person's identity document and a letter of attorney regarding the right to sign a certification of the correction or cancellation of incorrect Register data.
 

6. Scope of the Register Data Provided

180. A customer shall be entitled to receive the Register data referred to in Paragraphs 6, 7, 9 and 12–16 herein, pertaining to the above customer, and customer's guarantor shall be entitled to receive the Register data referred to in Paragraphs 6.1, 8, 10 and 12–16 herein, pertaining to the above customer's guarantor.

181. A Register participant shall be entitled to receive:
181.1 the Register data referred to in Paragraphs 6.9–6.14, 6.19–6.112, 7.1–7.16 and 8.1–8.14 and Paragraphs 9, 10 and 12–15 herein, pertaining to the person stipulated by the Law "On Credit Register";
181.2 all data entered in the Register by the above Register participant, except the data referred to in Paragraph 11 herein, where the Register data have been received via a credit information bureau;
181.3 data on the Register data requests submitted by the above Register participant.
 
182. A restricted Register participant shall be entitled to receive:
182.1 the Register data referred to in Paragraphs 6.9– 6.14, 6.19–6.112, 7.1–7.16 and 8.1–8.14 and Paragraphs 9, 10, 13 and 14 herein, pertaining to the customer of the above restricted Register participant or such customer's guarantor, where the obligations of the customer or the customer's guarantor have not been terminated or the rights and obligations or credit claims arising from the customer agreement or customer guarantor's agreement have not been transferred to other person;
182.2 data referred to in Paragraphs 12 and 15 herein pertaining to the customer of the above restricted Register participant or such customer's guarantor, where the obligations of the customer or the customer's guarantor have not been terminated or the rights and obligations or credit claims arising from the customer agreement or customer guarantor's agreement have not been transferred to other person and violations of the customer obligations or the customer guarantor's obligations have not been eliminated;
182.3 all data entered in the Register by the above restricted Register participant, except the data referred to in Paragraph 11 herein, where the Register data have been received via a credit information bureau;
182.4 data on the Register data requests submitted by the above restricted Register participant.
 

183. The Register participant and restricted Register participant shall be entitled to receive information compiled on the Register data and entered by the above Register participant or restricted Register participant, and changes thereof in a way that would not make it possible to identify, directly or indirectly, any customer or a customer's guarantor, and information on the Register data entered by other Register participants or restricted Register participants in a way that would not make it possible to identify, directly or indirectly, any customer or a customer's guarantor, other Register participant or restricted Register participant.

184. Consumer's creditor shall be entitled to receive the Register data referred to in Paragraphs 6.9, 6.12, 6.19, 6.112, 7.1–7.16 and 8.1–8.14 and Paragraphs 9, 10 and 12–15 herein, pertaining to a natural person.

7. Time Frame and Procedure for Providing Register Data

7.1 General provisions for providing Register data

185. Register data may be provided to:
185.1 a customer or a customer's guarantor:
185.1.1 in person at Latvijas Banka;
185.1.2 as a direct mail delivery with a notification of delivery in person against a signature of the addressee confirming receipt to the person's postal address where it is in any European Union or European Economic Area country and where the postal service provider in the respective country ensures the above service;
185.2 a customer or a customer's guarantor who is a natural person: interactively by authentication on the Register's website for electronic servicing of natural persons (address: https://manidati.kreg.lv) upon presenting a person's identity document issued in the Republic of Latvia.
 

186. Information on tariffs of the postal service referred to in Paragraph 185.1.2 herein shall be made available by Latvijas Banka on its website.

187. Consumer's creditor may receive the Register data as a direct mail delivery:
187.1 with a notification of delivery in person against a signature of the addressee confirming receipt, where the postal service provider ensures the above service in the respective country;
187.2 with a notification of delivery, where the postal service provider in the respective country does not ensure mail delivery in person against a signature of the addressee;
 

188. Latvijas Banka shall provide the Register data to the customer or the customer's guarantor in person within one business day following the receipt of a written application referred to in Paragraph 192 herein.

189. Latvijas Banka shall send the Register data to the customer or the customer's guarantor as a direct mail delivery within five business days following the receipt of a written application referred to in Paragraph 196 herein and postal service fee.
 
189.1 Latvijas Banka shall provide the Register data interactively to the customer or the customer's guarantor who is a natural person within one business day after the authentication of such customer or such customer's guarantor on the Register's website for electronic servicing of natural persons.
 

190. Latvijas Banka shall send the Register data to the consumer's creditor within five business days following the receipt of a data request identification code referred to in Paragraph 206 herein.

191. Latvijas Banka shall provide the Register data to the Register participant, restricted Register participant or Commission within one business day following the receipt of the relevant request.

7.2 Provision of Register data to a customer and customer's guarantor in person at Latvijas Banka

192. To receive Register data, the customer or the customer's guarantor shall submit a paper-based or an electronic application to Latvijas Banka in writing. Other person shall also be entitled to sign the above application on behalf of the customer or the customer's guarantor.

193. The customer or the customer's guarantor shall be entitled to receive the Register data. A custodian or an authorised representative shall also be entitled to receive the Register data on behalf of the customer or the customer's guarantor.

194. To receive Register data, a recipient shall present the following documents to Latvijas Banka:
194.1 a natural person who is a customer or a customer's guarantor – a person's identity document;
194.2 a custodian of a natural person who is a customer or a customer's guarantor – a person's identity document and a decision of the custody court on the custodian’s appointment;
194.3 an authorised representative of a natural person who is a customer or a customer's guarantor – a person's identity document and a letter of attorney, notarised or certified in an equivalent way, regarding the right to receive the Register data;
194.4 a representative of a legal person who is a customer or a customer's guarantor – a person's identity document;
194.5 an authorised representative of a legal person who is a customer or a customer's guarantor – a person's identity document and a letter of attorney regarding the right to receive the Register data.
 

195. Latvijas Banka shall state the scope of the representation rights established in the representation document referred to in Paragraphs 194.2, 194.3 and 194.5 herein.

7.3 Providing Register data to a customer or a customer's guarantor as a direct mail delivery

196. To receive Register data, a customer or a customer's guarantor shall pay Latvijas Banka for postal services, transferring a postal service fee to Latvijas Banka settlement account LV51 LACB 0EUR 1750 5020 0, BIC LACBLV2X at Latvijas Banka, and natural person who is a customer or a customer's guarantor shall submit a paper-based or electronic application to Latvijas Banka in writing, specifying information relevant for the delivery of Register data (Appendix 10), and legal person who is a customer or a customer's guarantor shall submit a paper-based or electronic application to Latvijas Banka in writing, specifying information relevant for the delivery of Register data (Appendix 11). A custodian or an authorised representative shall also be entitled to sign the above application on behalf of the customer or the customer's guarantor.

197. Where a custodian of a natural person who is a customer or a customer's guarantor signs the written application referred to in Paragraph 196 herein on such natural person's behalf, a decision of the custody court on the custodian’s appointment shall also be submitted to Latvijas Banka to receive the Register data.

198. Where an authorised representative of a natural person who is a customer or a customer's guarantor signs the written application referred to in Paragraph 196 herein on such natural person's behalf, a letter of attorney, notarised or certified in an equivalent way, regarding the right to receive the Register data shall also be submitted to Latvijas Banka to receive the Register data.

199. Where an authorised representative of a legal person who is a customer or a customer's guarantor signs the written application referred to in Paragraph 196 herein on such legal person's behalf, a letter of attorney regarding the right to receive the Register data shall also be submitted to Latvijas Banka to receive the Register data.

200. The authenticity of a signature on the written application referred to in Paragraph 196 herein shall be notarised or certified in an equivalent way. Where such written application is signed with a secure digital signature, the authenticity of the person's signature need not be verified.

201. Where the written application referred to in Paragraph 196 herein has not been executed in compliance with the requirements herein or a postal service fee has not been transferred to Latvijas Banka in accordance with the tariffs of the postal service provider, Latvijas Banka shall notify the relevant customer or the customer's guarantor thereof in writing.

7.4 Providing Register data to a consumer's creditor

202. To receive Register data, a consumer's creditor shall fill in an application interactively in the "Section of Credit Register consumer creditor request" (address: https://pkp.bank.lv), specifying information relevant for the provision of the Register data (Appendix 12). Any person may also fill in the application on behalf of the consumer's creditor.

203. The consumer's creditor stated in the application referred to in Paragraph 202 herein shall pay Latvijas Banka the one-off payment for the use of the Register as referred to in Paragraph 217 herein.

204. Latvijas Banka shall send a Register data request identification code and instruction for the use of the above code and confidentiality thereof to a natural person stated in the application referred to in Paragraph 202 herein as a direct mail delivery to the above natural person's postal address provided in the application within two business days of the receipt of one-off payment referred to in Paragraph 217 herein:
204.1 with a notification of delivery in person against a signature of the addressee where the postal service provider ensures the above service in the respective country;
204.2 with a notification of delivery, where the postal service provider in the respective country does not ensure mail delivery in person against a signature of the addressee.
 

205. Where the postal address of a natural person provided in the application referred to in Paragraph 202 herein is outside Latvia, Latvijas Banka shall draw up an instruction for the use of the Register data request identification code and confidentiality thereof in all languages of the European Union and European Economic Area countries.

206. A natural person stated in the application referred to in Paragraph 202 herein shall enter interactively a Register data request identification code under Section of Credit Register Consumer Creditor Requests (address: https://pkp.bank.lv). Other person to whom the natural person referred to in the above application has assigned the code may also enter the Register data request identification code on behalf of the above natural person.

207. Latvijas Banka shall send the Register data to a consumer's creditor stated in the application referred to in Paragraph 202 herein.

208. Where the postal address of a consumer's creditor stated in the application referred to in Paragraph 202 herein is outside Latvia, Latvijas Banka shall prepare the Register data in Latvian and English.

8. Fees to Be Paid by the Register Participant, Restricted Register Participant and Consumer's Creditor for the Use of the Register

8.1 The amount of and the payment procedure for the fee to be paid by the Register participant and restricted Register participant for the use of the Register

209. To cover the Register maintenance costs, the Register participant and restricted Register participant shall pay Latvijas Banka a monthly fee for the use of the Register.

210. The amount of the monthly fee to be paid for the use of the Register for the next six calendar months shall be calculated at the end of the calendar half-year in accordance with Paragraph 214 herein as per actual outstanding obligations of the customers at the end of the current calendar half-year entered in the Register by the Register participant or restricted Register participant.

211. The amount of the monthly fee to be paid for the use of the Register from the date when the Register participant has entered into the agreement with Latvijas Banka in writing pursuant to Latvijas Banka's regulation stipulating the procedure for electronic exchange of information with Latvijas Banka (hereinafter, an e-agreement) until the end of the calendar half-year following the expiry of the deadline for the entry of data in the Register on current customers and general data on such customer obligations as at 00.01 a.m. on the date of acquiring the above Register participant's status shall be calculated pursuant to Paragraph 214 herein as per actual outstanding obligations of the customers of the Register participant or restricted Register participant at 00.01 a.m. on the date of acquiring the status of such Register participant. The Register participant shall provide a notification in writing to Latvijas Banka of outstanding obligations of the above customers by the tenth day of the calendar month following the month of entering into an e-agreement.

212. Where the Register participant has become a restricted Register participant prior to the deadline for the entry of the data in the Register on current customers and general data on such customer obligations as at 00.01 a.m. on the date of acquiring the status of a Register participant, the amount of the monthly fee to be paid for the use of the Register from the date of acquiring the status of a restricted Register participant till the end of the current calendar half-year shall be calculated pursuant to Paragraph 214 herein as per actual outstanding obligations of the restricted Register participant's customers at 00.01 a.m. on the date of acquiring the status of such restricted Register participant. The restricted Register participant shall provide a written notification to Latvijas Banka of the outstanding obligations of the above customers by the tenth day of the calendar month after the month of acquiring the status of restricted Register participant.

213. Where the Register participant has entered into an e-agreement or the status of the restricted Register participant has been acquired or lost after the first day of the calendar month, the monthly fee for the use of the Register during the relevant periods of time shall be calculated in proportion to the monthly fee for the use of the Register for the entire calendar month.

214. The monthly fee for the use of the Register shall be as follows:


Actual outstanding obligations of the Register participant's customers or restricted Register participant's customers

Monthly fee for the use of the Register (in euro)*

From 0.01 euro to 42 686.16 euro

7.11

From 42 686.17 euro to 71 143.59 euro

14.23

From 71 143.60 euro to 142 287.19 euro

21.34

From 142 287.20 euro to 1 422 871.81 euro

28.46

From 1 422 871.82 euro to 14 228 718.11 euro

42.69

From 14 228 718.12 euro to 71 143 590.54 euro

128.06

From 71 143 590.55 euro to 142 287 181.07 euro

170.74

From 142 287 181.08 euro to 711 435 905.32 euro

398.40

From 711 435 905.33 euro to 1 422 871 810.63 euro

711.44

Over 1 422 871 810.63 euro

825.27

* Value added tax is not applied pursuant to Paragraph 8, Section 3 of the Law "On Value Added Tax".

215. The Register participant and restricted Register participant shall pay a monthly fee for the use of the Register to Latvijas Banka by the end of each calendar month for the previous calendar month.

216. The monthly fee for the use of the Register shall be transferred to Latvijas Banka settlement account LV35 LACB 0EUR 1750 5010 0, BIC LACBLV2X at Latvijas Banka.

8.2 The amount of and the payment procedure for the fee to be paid by the consumer's creditor for the use of the Register

217. To cover the Register maintenance costs related to the provision of Register data, a consumer's creditor requesting the Register data shall pay the one-off payment to Latvijas Banka for each instance of using the Register.

218. The one-off payment for the use of the Register shall be 17.50 euro. Value added tax shall not be applied to the above payment pursuant to Paragraph 8, Section 3 of the Law "On Value Added Tax".

219. [deleted]

220. The consumer's creditor shall pay the one-off payment for the use of the Register by transferring the above amount to Latvijas Banka settlement account LV51 LACB 0EUR 1750 5020 0, BIC LACBLV2X at Latvijas Banka. The consumer's creditor shall state under payment details the number of the application referred to in Paragraph 202 herein.

221. Latvijas Banka shall reimburse the one-off payment received for the use of the Register to the originator specified in the payment order only where:
221.1 the consumer's creditor stated in the application referred to in Paragraph 202 herein has not been specified as the originator in the payment order;
221.2 the number of the application referred to in Paragraph 202 herein has not been stated under payment details;
221.3 the amount of the above one-off payment paid for the use of the Register is not the same as the amount stipulated in Paragraph 218 herein.
 

222. Latvijas Banka shall reimburse the one-off payment received for the use of the Register to the originator referred to in Paragraph 221 herein by forwarding a repayment order within five business days of its receipt.

9. Final Provisions

223. Latvijas Banka's Regulation No.62 "Regulation for the Credit Register" of 18 October 2010 (Latvijas Vēstnesis, 2010, No. 167; 2011, No. 111, No. 183) and Latvijas Banka's Regulation No. 66 "The Amount of and the Payment Procedure for the Fees to Be Paid for the Use of the Credit Register" of 4 November 2010 (Latvijas Vēstnesis, 2010, No. 176; 2011, No. 111; 2012, No. 111) shall be deemed invalid.

224. The Regulation shall take effect on 1 December 2012.

225. Latvijas Banka shall perform the following actions with respect to the Register data on the day the present Regulation takes effect:
225.1 rename the data Number of the travel document valid for entering the Republic of Latvia to be called the data Number of the person's identity document;
225.2 rename the data Code of the country issuing the document valid for entering the Republic of Latvia to be called the data Code of the country issuing the person's identity document;
225.3 rename the data Type of the borrower's obligations to be called the data Type of the customer's obligations;
225.4 rename the data Sector of the economy to be called the data Individual customer's sector of the economy;
225.5 rename the data Category to be called the data Individual customer's category;
225.6 rename the data Date of the borrower's obligations taking effect to be called the data Date of the customer's obligations taking effect;
225.7 rename the data Date of the individual borrower's obligations taking effect to be called the data Individual date of the customer's obligations taking effect;
225.8 rename the data Date of the borrower guarantor's obligations taking effect to be called the data Individual date of the customer guarantor's obligations taking effect;
225.9 rename the data End date of the borrower's obligations as per loan agreement to be called the data End date of the customer's obligations as per customer agreement.
225.10 rename the data Actual settlement date of the borrower's obligations to be called the data Actual termination date of the customer's obligations;
225.11 rename the data End date of the individual borrower's obligations to be called the data Individual end date of the customer's obligations;
225.12 rename the data End date of the borrower guarantor's obligations to be called the data Individual end date of the customer guarantor's obligations;
225.13 merge the data Amount of the borrower's obligations and data Currency code of the borrower's obligations to be called the data Amount of the customer's obligations as per customer agreement;
225.14 merge the data Amount of the borrower guarantor's obligations and data Currency code of the borrower guarantor's obligations to be called the data Individual amount of the customer guarantor's obligations;
225.15 rename the data Number of borrowers to be called the data Number of customers;
225.16 rename the data Number of borrower's guarantors to be called the data Number of customer's guarantors;
225.17 rename the data Status of the borrower's obligations to be called the data Status of the customer's obligations;
225.18 rename the data Type of origin of the borrower's obligations to be called the data Type of origin of the customer's obligations;
225.19 rename the data Type of settlement of the borrower's obligations to be called the data Type of termination of the customer's obligations;
225.20 merge the data Submitter of data on the borrower's obligations, data Submitter of data on the borrower's outstanding obligations, data Debtor information submitter and data Participant correcting or cancelling data to be called the data Data submitter;
225.21 merge the data Amount of the borrower's outstanding obligations and data Currency code of the borrower's outstanding obligations to be called the data Actual outstanding obligations of the customer;
225.22 replace the data Person having close links with a participant by data Individual reference to the customer's close links and data Individual reference to the customer guarantor's close links;
225.23 rename the data Reference to the recording of obligations to be called the data Reference to the accounting;
225.24 merge the data Value of collateral and data Currency code of collateral, to be called the data Value of collateral;
225.25 rename the data Classification group of the borrower's obligations to be called the data Classification group of the customer's obligations;
225.26 merge the data Provisions for the principal of the loan and data Currency code of the provisions for the principal of the loan to be called the data Provisions for the principal of the customer's obligations;
225.27 rename the data Type of quality assessment of the borrower's obligations to be called the data Type of quality assessment of the customer's obligations;
225.28 rename the data Delay period to be called the data Number of days overdue;
225.29 merge the data Delayed principal of the borrower's obligations and data Currency code of the delayed principal of the borrower's obligations to be called the data Delayed principal of the customer's obligations;
225.30 merge the data Delayed interest and data Currency code of the delayed interest to be called the data Delayed interest of the customer's obligations;
225.31 rename the data Date of delayed payment to be called the data Violation data;
225.32 rename the data Date of first reporting delayed payment to be called the data Violation reporting start date;
225.33 rename the data Delayed payment settlement date to be called the data Date of eliminating violation;
225.34 rename the data Date of registering the borrower's obligations to be called the data Date of data entry;
225.35 replace the data Date of the data correction or cancellation by data Date of data updating or correction, by data Date of correcting periodic data, by data Date of correcting violation data and by data Date of correcting data on violation elimination;
225.36 rename the data Date of registering the borrower's outstanding obligations to be called the data Date of entering periodic data;
225.37 rename the data Date of registering debtor information to be called the data Date of entering violation data;
225.38 rename the data Date of registering delayed payment settlement to be called the data Date of entering data on violation elimination.
 

226. The data Individual customer's sector of the economy shall be entered in the Register by 31 March 2013, where the data on the obligations of a customer that is a non-resident legal person have been entered in the Register before the day the present Regulation takes effect and obligations of the above customer have not been terminated on the day the above Regulation has taken effect and the relevant rights and obligations or credit claims have not been transferred to other person.

227. Where the Register participant that is an insurer or a credit union has entered data in the Register on the obligations of a customer that is a resident legal person before the day the present Regulation takes effect, and obligations of the above customer have not been terminated on the day the Regulation has taken effect and the relevant rights and obligations or credit claims have not been transferred to other person, the above Register participant or restricted Register participant who has lost the status of such Register participant shall also enter the data Individual customer's sector of the economy in the Register by 31 March 2013.

228. Where the Register participant that is an insurer or a credit union has entered data in the Register on the customer's obligations before the day the present Regulation takes effect, and obligations of the above customer have not been terminated on the day the Regulation has taken effect and the relevant rights and obligations or credit claims have not been transferred to other person, the above Register participant or restricted Register participant who has lost the status of such Register participant shall also enter the data Individual customer's category in the Register by 31 March 2013.

229. Where the Register participant that is an insurer has entered data in the Register on the customer's obligations before the day the present Regulation takes effect, and obligations of the above customer have not been terminated on the day the Regulation has taken effect and the relevant rights and obligations or credit claims have not been transferred to other person, the above Register participant or restricted Register participant who has lost the status of such Register participant shall also enter the data Type of collateral and data Value of collateral in the Register by 31 March 2013.

230. Where the rights and obligations or credit claims have been taken over from other person by 31 March 2013, the Register participant or restricted Register participant shall be entitled, when entering the data Number of days overdue in the Register, to specify the number of days overdue with respect to the relevant customer's obligations at the end of the calendar quarter as from the date of taking over the rights and obligations or credit claims.

231. Latvijas Banka shall perform the following actions regarding the Register data on 1 October 2013:
231.1 rename the data Individual customer's sector of the economy to be called the data Sector of the economy;
231.2 rename the data Individual customer's category to be called the data Category;
231.3 rename the data Individual end date of the customer's obligations to be called the data Individual end date of the customer's obligations as per customer agreement;
231.4 rename the data Individual end date of the customer guarantor's obligations to be called the data Individual end date of the customer guarantor's obligations as per customer guarantor's agreement;
231.5 replace the type of termination of the customer's obligations consistent with code "70" by the type of termination of the customer's obligations consistent with code "110".
 
232. Where the data on the customer's obligations or the customer guarantor's obligations are entered in the Register and the relevant obligations of the customer are valid as at 00.01 a.m. on 1 October 2013, and the relevant rights and obligations or credit claims have not been transferred to other person, the Register participant or restricted Register participant shall perform the following actions with respect to the Register data by 31 December 2013:
232.1 check the compliance of the data Sector of the economy and the data Category with the provisions of the present Regulation and update the above data in the event of non-compliance;
232.2 check the compliance of the data Individual end date of the customer guarantor's obligations as per customer guarantor's agreement entered in the Register with the provisions of the present Regulation and update the above data in the event of non-compliance, as well as enter the data Individual date of the actual termination of the customer guarantor's obligations in the Register.
 

233. Amendments regarding the deletion of Paragraph 11.1.2 and Subsection 3.5.3 shall take effect on 1 July 2014. Latvijas Banka shall delete the general data Reference to the accounting on 1 July 2014.

234. The data Code of the country of collateral registration, the data Reference to the restructuring of the customer's obligations or loans in workout, the data Probability of the customer's default on its obligations, the data Potential losses in the event of the customer's default on its obligations, the data Reference to the assessment method, and periodic data Reference to the accounting shall be entered in the Register as of 1 July 2014.

235. Where the data on the customer's obligations or the customer guarantor's obligations have been entered in the Register and the relevant obligations of the customer are valid as at 00.01 a.m. on 1 July 2014, and the relevant rights and obligations or credit claims have not been transferred to other person, the Register participant or restricted Register participant shall also enter the data Code of the country of collateral registration in the Register by 30 September 2014.

236. To ensure that the Register has been fine-tuned for the introduction of the euro, Paragraphs 19–22, 106, 196, 214, 216 and 218–220 and Appendix 3 herein shall take effect on 1 January 2014.

237. Amendments to Paragraphs 19–22 herein associated with the amount of the arrears shall apply to the violations of the customer's obligations or the customer guarantor's obligations where the provisions stipulated in Paragraphs 19–22 herein, effective until 31 December 2013, had not become effective with respect to the particular violation by 31 December 2013.

238. Where the Register participant or restricted Register participant writes off fully the customer's obligations by 31 December 2013, deleting them from its balance sheet in full, and such customer's obligations actually have been terminated by the above date, the amount of losses in lats calculated at the moment of writing off the customer's obligations in full shall be stated when entering the data Amount of losses in the Register.

239. Amendments to Appendix 3 hereto related to the introduction of categories "Captive financial institution and money lender" and "Financial auxiliary" shall take effect on 1 September 2014.

240. Where data on the customer's obligations have been entered in the Register and on 1 September 2014 at 00.01 the respective obligations of the customer are valid, and the respective rights and obligations or credit claims have not been transferred to another person, the Register participant or restricted Register participant shall check the compliance of the data Category with the requirements of the present Regulation by 30 November 2014 and shall update the above data in case of non-compliance.

241. Where data on the customer's obligations have been entered in the Register and on 1 October 2015 at 00.01 the respective obligations of the customer are valid, and the respective rights and obligations or credit claims have not been transferred to another person, the Register participant or restricted Register participant shall check the compliance of the data Type of the customer's obligations with Appendix 1 hereto, the compliance of the data Category with Appendix 3 hereto and compliance of the data Type of collateral with Appendix 4 hereto by 31 December 2015, and shall update the above data in the case of non-compliance.

242. Where data on the customer's obligations or the customer guarantor's obligations have been entered in the Register and on 1 July 2016 at 00.01 the respective customer's obligations or the customer guarantor's obligations are valid, and the respective rights and obligations or credit claims have not been transferred to another person, the Register participant or restricted Register participant shall check the compliance of the data Individual end date of the customer's obligations as per customer agreement with the provisions of the present Regulation by 30 September 2016 and shall update the above data in the case of non-compliance, as well as enter the data Individual date of the actual termination of the customer's obligations in the Register.

Reference to the European Union Directive

The Regulation incorporates legislative provisions arising from Directive 2008/48/EC of the European Parliament and of the Council of 23 April 2008 on credit agreements for consumers and repealing Directive 2008/48/EEC.

Governor of Latvijas Banka

I. Rimšēvičs

 

 

 

Appendix 1
to Latvijas Banka's Regulation No. 93
of 13 September 2012

 

Classificator of the type of the customer's obligations

Type of the customer's obligations

Code

 

Credit for increasing current assets (commercial credit) (a loan to a legal person for working capital financing, including an overdraft, other than credit reported as a promissory note, payment card credit or a loan provided against title to accounts receivable (factoring))

10

 

Industrial credit (a loan granted to a legal person for financing acquisition of fixed assets and other long-term investment projects, other than loans reported as financial leasing or loans for real estate purchase)

20

 

Reverse repo transaction

30

 

A promissory note (a loan granted against a customer's promissory note or making payments to a third party instead of the customer. The accepted customer promissory notes for which the customer has failed to meet its obligations in the stipulated amount and time frame should also be reported here.)

40

 

Financial leasing

50

 

Payment card credit (a loan granted in compliance with the provisions of the payment card usage agreement)

60

 

Consumer credit (a loan granted to a household, including an overdraft, for the payment for consumer goods, such as household appliances or a car, and services, such as medical care or travel, not associated with the purpose of making profit and not reported as payment card credit or financial leasing)

70

 

A loan for house purchase (a loan granted to a household or a non-profit institution serving households for house purchase (land, house, apartment for accommodating people, as well as an outbuilding, e.g. a cellar, garage, granary, shed etc.), construction, reconstruction or repair)

80

 

A loan for real estate purchase (a loan to a legal person for real estate purchase, construction, reconstruction or repairs). Loans to households (i.e. to sole proprietors) with the purpose of purchasing such real estate which is not considered a residential building, e.g. a workshop, warehouse, work (office) premises

81

 

Factoring

90

 

Other loans (a loan which does not fall under any other type of obligations according to the definitions of the types of customer's obligations). Loans to households (incl. sole proprietors) with the purpose of business start-ups or promotion, or financing of other long-term investment project

95

 

Operating lease (rent)

110

 

Other obligations

100

 

Governor of Latvijas Banka

I. Rimšēvičs

       

 

Appendix 2
to Latvijas Banka's Regulation No. 93
of 13 September 2012

Classificator of the sectors of the economy

Sector of the economy

Code

 

1

2

 

Agriculture, forestry and fishing

A

 

Crop and animal production, hunting and related service activities

01

 

Forestry and logging

02

 

Fishing

03

 

Mining and quarrying

B

 

Manufacturing

C

 

Manufacture of food products

10

 

Manufacture of beverages

11

 

Manufacture of tobacco products

12

 

Manufacture of textiles

13

 

Manufacture of wearing apparel

14

 

Manufacture of wood and products of wood and cork (except furniture); manufacture of articles of straw and plaiting materials

16

 

Manufacture of paper and paper products

17

 

Printing and reproduction of recorded media

18

 

Manufacture of chemicals and chemical products

20

 

Manufacture of basic pharmaceutical products and pharmaceutical preparations

21

 

Manufacture of basic metals

24

 

Manufacture of fabricated metal products, except machinery and equipment

25

 

Manufacture of furniture

31

 

Repair and installation of machinery and equipment

33

 

Electricity, gas, steam and air conditioning supply

D

 

Water supply; sewerage, waste management and remediation activities

E

 

Construction

F

 

Wholesale and retail trade; repair of motor vehicles and motorcycles

G

 

Wholesale and retail trade and repair of motor vehicles and motorcycles

45

 

Wholesale trade, except motor vehicles and motorcycles

46

 

Retail trade, except motor vehicles and motorcycles

47

 

Transportation and storage

H

 

Land transport and transport via pipelines

49

 

Water transport

50

 

Air transport

51

 

1

2

 

Warehousing and support activities for transportation

52

 

Postal and courier activities

53

 

Accommodation and food service activities

I

 

Information and communication services

J

 

Financial and insurance activities

K

 

Financial service activities, except insurance and pension funding

64

 

Activities of holding companies

64.20

 

Trusts, funds and similar financial activities

64.30

 

Financial leasing

64.91

 

Other credit granting

64.92

 

Other financial service activities, except insurance and pension funding n.e.c.

64.99

 

Insurance, reinsurance and pension funding, except compulsory social security

65

 

Activities auxiliary to financial services and insurance activities

66

 

Administration of financial markets

66.11

 

Securities brokerage

66.12

 

Other activities auxiliary to financial services, except insurance and pension funding

66.19

 

Activities auxiliary to insurance and pension funding

66.20

 

Real estate activities

L

 

Professional, scientific and technical activities

M

 

Administrative and support service activities

N

 

Public administration and defence; compulsory social security

O

 

Education

P

 

Human health and social work activities

Q

 

Arts, entertainment and recreation

R

 

Other service activities

S

 

No information available

Z

 

Governor of Latvijas Banka

I. Rimšēvičs

       

 

Appendix 3
to Latvijas Banka's Regulation No. 93
of 13 September 2012

Classificator of categories

Category

Code

 

Public institutional units, excluding ministries, their subordinate institutions, other central government institutions, institutions that are not financed from the government budget and social security funds1

10

 

Local government1

20

 

Social security fund1

25

 

Captive financial institution and money lender1

35

 

Financial auxiliary1 34  

Pension fund1

33

 

An insurance corporation1 32  

Other financial intermediary (except an insurance corporation or pension fund)1

31

 

Investment fund, excluding a money market fund and alternative investment fund2

30

 

A non-profit institution serving households1

90

 

A micro-enterprise which on average employs fewer than 10 persons annually and whose annual net turnover does not exceed 2 million euro or whose annual balance sheet total assets do not exceed 2 million euro

44

 

A small enterprise which on average employs 10-49 persons annually and whose annual net turnover does not exceed 10 million euro or whose annual balance sheet total assets do not exceed 10 million euro

43

 

A medium-sized enterprise which on average employs 50-249 persons annually and whose annual net turnover does not exceed 50 million euro or whose annual balance sheet total assets do not exceed 43 million euro

42

 

A large enterprise which on average employs 250 or more persons annually and whose annual net turnover exceeds 50 million euro or whose annual balance sheet total assets exceed 43 million euro

41

 

1 The Central Statistical Bureau of the Republic of Latvia shall compile the classification of institutional sectors pursuant to Regulation (EU) No. 549/2013 of the European Parliament and of the Council of 21 May 2013 on the European system of national and regional accounts of the European Union.

2 Latvijas Banka shall compile a list of the Republic of Latvia investment funds and alternative investment funds in accordance with the information of the Commission.

 

Governor of Latvijas Banka

I. Rimšēvičs

       

 

Appendix 4
to Latvijas Banka's Regulation No. 93
of 13 September 2012

 

Classificator of the type of collateral

Type of collateral

Code

 

The first housing mortgage

10

 

The first housing mortgage sufficiently covering the discharge of customer's obligations in full (customer's liability in the amount of the collateral)

15

 

The first commercial property mortgage

20

 

The first land plot mortgage

30

 

The first land plot mortgage sufficiently covering the discharge of customer's obligation in full (customer's liability in the amount of the collateral)

35

 

Other mortgage

40

 

Debt securities or other fixed income securities quoted on the regulated market

51

 

Debt securities or other fixed income securities not quoted on the regulated market

52

 

Shares or other non-fixed income securities quoted on the regulated market

61

 

Shares or other non-fixed income securities not quoted on the regulated market

62

 

Commercial collateral

70

 

Other warranty or guaranty

80

 

Government warranty or guaranty

81

 

Credit institution guaranty

82

 

Deposit

90

 

Credit claim

95

 

Other

100

 

Governor of Latvijas Banka

I. Rimšēvičs

       

 

 

Appendix 5
to Latvijas Banka's Regulation No. 93
of 13 September 2012

 

Classificator of the status of the customer's obligations

Status of the customer's obligations

Code

 

Regular customer's obligations, inter alia with corrected customer agreement terms and conditions (changes in contractual terms and conditions for the customer's obligations unrelated to financial difficulties of the customer, and with no restructuring of obligations)

10

 

Restructured customer's obligations (as per the Financial and Capital Market Commission "Regulation on Asset Quality Assessment and Provisioning")

20

 

Customer's loans in workout, inter alia under insolvency proceedings (the customer is unable or fails to make payments stipulated by the customer agreement, and customer's loan recovery takes place on the basis of an individual loan recovery programme developed for the respective obligations (including e.g. exercising the right of foreclosure or calling a guarantee), or a separate organisational unit or specially assigned staff of the Register participant or restricted Register participant (or a third party) are engaged in the loan recovery.

30

 

Terminated customer's obligations (the customer's obligations have been terminated in compliance with any type of termination of the customer's obligations referred to in the classificator (Appendix 7))

40

 

Governor of Latvijas Banka

I. Rimšēvičs

       

 

Appendix 6
to Latvijas Banka Regulation No. 93
of 13 September 2012

 

Classificator of the type of origin of the customer's obligations

Type of origin of the customer's obligations

Code

 

Arising under a new customer agreement which has been signed

10

 

As a result of taking over the rights and obligations or credit claims from other person

20

 

Arising under a new customer agreement signed with the purpose of refinancing the customer's existing obligations by other person

30

 

Arising under a new customer agreement signed with the purpose of correcting the customer's existing obligations (e.g. change of the type of the customer's obligations, type of the repayment schedule, change of currency or the type of interest, or replacement of the customer) 

40

 

As a result of insolvency proceedings (the customer's obligations are included in a plan for the discharge of obligations) or workout proceedings (including out-of-court)

50

 

Governor of Latvijas Banka

I. Rimšēvičs

       

 

Appendix 7
to Latvijas Banka Regulation No. 93
of 13 September 2012

Classificator of the type of termination of the customer's obligations

 

Type of termination of the customer's obligations

Code

 

Settled without any specific additional terms and conditions

10

 

Terminated by assigning the rights and obligations or credit claims to other person

20

 

Terminated by the customer refinancing them to other person  

30

 

Terminated by taking over or disposing of a real estate sufficiently covering the discharge of customer's obligations in full (customer's liability in the amount of a collateral)

35

 

Terminated by agreeing on a new customer agreement with the purpose of correcting the customer's obligations 

40

 

Terminated by the Register participant or restricted Register participant writing them off, where a lapse has set in  

50

 

Terminated by the Register participant or restricted Register participant taking over or disposing of collateral

60

 

[deleted]

[deleted]

 

Terminated by consolidating the customer's obligations in a plan for the discharge of obligations under the insolvency proceedings (it also refers to the workout proceedings) 

80

 

Cancelled after the customer's release from the remaining customer's obligations finalising the discharge procedure of the customer's obligations (it also refers to the workout proceedings)

90

 

Terminated where the previous status (individual default) has been restored for the customer's consolidated obligations pursuant to the legislation governing insolvency proceedings 

100

 

Terminated in another manner

110

 

Governor of Latvijas Banka

I. Rimšēvičs

       

 

Appendix 8
to Latvijas Banka's Regulation No. 93
of 13 September 2012

Classificator of the classification groups of the customer's obligations

Classification group of the customer's obligations

Code

 

Standard

1

 

Close-watch

2

 

Substandard

3

 

Doubtful

4

 

Lost

5

 

Governor of Latvijas Banka

I. Rimšēvičs

       

 

Appendix 9
to Latvijas Banka's Regulation No. 93
of 13 September 2012

 

Information to be reported in a certification about the correction or cancellation of incorrect Register data  

1. Information on a former Register participant:
1.1 name (mandatory);
1.2 registration number (mandatory for resident; for non-resident – indicate, if applicable);
1.3 registered address (mandatory).
 
2. Information on a person acting on behalf of a former Register participant:
2.1 personal identity information (mandatory);
2.2 representation rights (mandatory).
 
3. Information on a customer, customer's guarantor or a person who has been incorrectly stated as such in the Register – a natural person:
3.1 name and surname (mandatory);
3.2 person's identity number (mandatory for resident; for non-resident – indicate, if applicable);
3.3 date of birth (mandatory for non-resident);
3.4 number of the person's identity document (mandatory for non-resident);
3.5 code of the country issuing the person's identity document (mandatory for non-resident).
 
4. Information on a customer, customer's guarantor or a person who has been incorrectly stated as such in the Register – a legal person:
4.1 name (mandatory);
4.2 uniform registration number (mandatory for resident);
4.3 code of the country of registration (mandatory for non-resident);
4.4 registration number (mandatory for non-resident);
4.5 registration date (mandatory for non-resident);
4.6 registered address (mandatory for non-resident).
 
5. Information on a person acting on behalf of a customer, customer's guarantor or a person who has been incorrectly stated as such in the Register:
5.1 personal identity information (mandatory);
5.2 representation rights (mandatory).
6. Information on incorrect Register data:
6.1 name of incorrect Register data (mandatory);
6.2 contents of incorrect Register data (mandatory);
6.3 contents of data to be stated correctly (mandatory);
6.4 information identifying the customer's obligations or the customer guarantor's obligations (mandatory).
 
7. Information on unjustified Register data entry:
7.1 name of unjustified Register data entry (mandatory where individual data has been groundlessly entered in the Register);
7.2 information identifying the customer's obligations or the customer guarantor's obligations (mandatory where a person has been groundlessly stated as a customer or a customer's guarantor).

Governor of Latvijas Banka

I. Rimšēvičs

 

Appendix 10
to Latvijas Banka's Regulation No. 93
of 13 September 2012

 

Application of a natural person for the receipt of Credit Register data as a direct mail delivery 

 

Name and surname (mandatory): ______________________

Person's identity number (mandatory for resident; for non-resident – indicate, if applicable): ______________________

Date of birth (mandatory for non-resident): __________________________

Number of the person's identity document (mandatory for non-resident): _________

Code of the country issuing the person's identity document (mandatory for non-resident): ___________________

Postal address (mandatory): ______________________

Telephone number (mandatory): ____________________

E-mail address: ­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­___________________________________

I hereby acknowledge that:

1) I would like Credit Register data to be sent as a direct mail delivery with a notification of delivery against signature personally to the recipient indicated in this application at the delivery address indicated above where it is in the European Union or European Economic Area country and where the above service is provided by the postal service provider of that country;

2) A postal service fee is transferred to Latvijas Banka.

 

_________________________________

(signature)

____________________________

(signatory)

_____ ___________ _______

(date)

The position "signature" herein need not be filled in where the application has been drafted as an electronic document in accordance with the legislative requirements governing the execution of electronic documents.

Governor of Latvijas Banka

I. Rimšēvičs

 

 

Appendix 11
to Latvijas Banka's Regulation No. 93
of 13 September 2012

 

Application of a legal person for the receipt of Credit Register data as a direct mail delivery 

 

Name (mandatory): ______________________

Registration number (mandatory): ______________________

Registered address (mandatory): ___________________________

Recipient's name and surname (mandatory): ______________________

Postal address (mandatory): ______________________

Telephone number (mandatory): ____________________

E-mail address: ­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­___________________________________

I hereby acknowledge that:

1) I would like Credit Register data to be sent as a direct mail delivery with a notification of delivery against signature personally to the recipient indicated in this application at the delivery address indicated above where it is in the European Union or European Economic Area country and where the above service is provided by the postal service provider of that country;

2) A postal service fee is transferred to Latvijas Banka.

_________________________________

(signature)

____________________________

(signatory)

_____ ­­______________ _______

(date)

The position "signature" herein need not be filled in where the application has been drafted as an electronic document in accordance with the legislative requirements governing the execution of electronic documents.

Governor of Latvijas Banka

I. Rimšēvičs

 

Appendix 12
to Latvijas Banka's Regulation No. 93
of 13 September 2012

 

Information to be reported in the application submitted electronically 

1. Information about a natural person:
1.1 name and surname (mandatory);
1.2 person's identity number (mandatory for residents; with respect to non-residents – indicate if applicable);
1.3 date of birth (mandatory for non-resident);
1.4 number of the identification document (mandatory for non-resident);
1.5 code of the country issuing the identification document (mandatory for non-resident);
1.6 postal address (mandatory);
1.7 e-mail address.
 
2. Information about the consumer's creditor – a natural person:
2.1 name and surname (mandatory);
2.2 postal address (mandatory);
2.3 e-mail address.
 
3. Information about the consumer's creditor – a legal person:
3.1 name (mandatory);
3.2 registration number (mandatory);
3.3 postal address (mandatory);
3.4 recipient's name and surname (mandatory);
3.5 e-mail address.

 

Governor of Latvijas Banka

I. Rimšēvičs