Proposed Revisions to the Code of Practice on Consumer Credit Data
Report on Public Consultations held in 2007 and 2011

This report comprises the findings and conclusions of two rounds of public consultation conducted by the Privacy Commissioner for Personal Data ("the Commissioner") in 2007 and 2011 respectively on the proposed revisions to the Code of Practice on Consumer Credit Data ("the Code").

Consultation in January/February 2011
On 5 January 2011, the Commissioner published a consultation document on the "Sharing of Mortgage Data for Credit Assessment" in response to the proposals made by the financial services industry. The purpose is to seek public views on the proposed sharing of positive mortgage data for residential properties as well as both positive and negative mortgage data for non-residential properties. The results of the consultation are given in Parts I to IV of the present report.

Consultation in May/June 2007
On 22 May 2007, the Commissioner published a consultation paper proposing certain revisions be made to the Code covering three aspects, namely, (a) technical amendments as a result of the expiration on 1 June 2005 of the twenty-four month transitional period during which credit providers were generally barred from accessing positive credit data in the course of renewal or review of existing credit facilities; (b) amendments relating to the retention of the data in respect of write-off accounts due to a bankruptcy order being made; and (c) miscellaneous amendments. The results of the consultation are given in Part V of the present report.

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