Rollout of the Positive credit register
The Positive credit register’s first rollout takes place in three steps. More information about the second rollout (2025–2026) will be provided in 2024.
Lenders can sign up as data notifiers and apply for a data permission as of October 2023
Lenders can sign up as data notifiers and apply for data permissions as of 2 October 2023. They can sign up and request a data permission in the register’s e-service, where contact information is also maintained. Alternatively, they can sign up and request a data permission with a paper form.
The period for signing up as a data notifier ends on 30 November 2023. After this, new parties with the reporting obligation must sign up to the Incomes Register Unit on their own initiative no later than 1 month before starting to report data to the Positive credit register.
Law does not set a time limit for applying for a data permission. However, if a lender intends to start requesting credit register extracts on 1 April 2024, they are advised to apply for a data permission early enough so that the Incomes Register Unit has time to issue a decision on the required data permission.
Read more in the following instructions:
- Signing up to the Positive credit register as a data notifier
- Instructions for lenders on how to request a data permission
Existing credit stocks will be reported to the register in February–March 2024
The APIs for reporting data on loan contracts will open on 1 February 2024. However, the Incomes Register Unit recommends that lenders will not start reporting data to the register until from 5 February 2024 onwards, so that sufficient support can be ensured.
Parties with the reporting obligation can decide on their own schedules for reporting existing credit stocks to the register. However, it is advisable to start reporting well in advance so as to ensure that all the data will be reported by 31 March 2024, which is the deadline set by law. The Incomes Register Unit will not set reporting schedules for individuals organisations.
Start and end notifications regarding the uploading of existing loans
Organisations with the reporting obligation are requested to fill in the start notification regarding existing loans as soon as they know the exact date on which they will start reporting their existing loans to the register. The form also asks organisations to estimate the total number of reportable loans and the date by which all the loans will have been reported. Note that if there are several organisations with the reporting obligation in the same group, you should fill in a separate start notification for each of them, specifying the organisation’s Business ID.
Organisations with the reporting obligation are requested to fill in the end notification regarding existing loans when they have successfully uploaded all the existing loans covered by the reporting obligation. Note that if there are several organisations with the reporting obligation in the same group, you should fill in a separate end notification for each of them, specifying the organisation’s Business ID.
Knowing when organisations start and finish uploading will help the Incomes Register Unit to monitor how the reporting of data and the rollout progress.
Reporting of data
Existing credit stocks will be reported through APIs for reporting loan data. In other words, the same APIs will be used as in continuous reporting. The API descriptions are available on the Documentation page on the Positive credit register’s website, and organisations can test the APIs while carrying out stakeholder testing. Through the API for checking loan data, the parties required to submit reports can check the accuracy of the data they have reported to the register.
Existing loans will be reported to the register as new loans. When a party with the reporting obligation has successfully reported loan data to the register, they must start reporting changes to the data, such as payment transactions, within the statutory time limits.
Past payment transactions or deferment periods that have already ended will not be reported on existing loans. If the loan has delayed amounts at the time of reporting, or if it has been accelerated, the party with the reporting obligation first reports the loan to the register through the New loans API. After this, they report information about the delayed amounts or acceleration through the Delayed amounts API.
Lenders can decide whether they want to report all their loans in one go or divide their credit stocks into smaller batches. The Incomes Register Unit recommends that each batch should be as large as possible. However, they may not contain more than 10,000 reports each. You can find the technical recommendations in the General instructions for application developers.
Read more detailed instructions on the reporting of data.
Support for data notifiers available during office hours
An electronic form will be published on the Positive credit register's website for data notifiers needing assistance or wanting to report error observations regarding the reporting of data. Enhanced support is available from 1 February to 31 March 2024, and we will make every effort to respond as quickly as possible.
Support is available during office hours from Monday to Friday, 8 am to 4.15 pm.
Lenders can start using data on 1 April 2024
The Positive credit register will start sharing data on 1 April 2024. The following functions will then be introduced:
- Disclosure of credit register extracts to lenders
- E-service for private individuals
- data on loan contracts recorded in the register and data on guarantees and third-party securities provided by private individuals
- credit register extracts on private individuals
- voluntary ban on credits
- Sharing information on voluntary bans on credits with credit information companies
- Sharing information with authorities
Readiness assessment surveys are ongoing
The project to establish a positive credit register carries out readiness assessment surveys to monitor the stakeholders’ readiness to start using the register. The readiness assessment surveys provide an overview of the stakeholders’ degree of readiness. The readiness assessment surveys regarding rollout started in February 2023. Readiness assessments are carried out
- 12, 6, 2 months and 1 month before the reporting of data begins on 1 February 2024
- 1 month before the sharing of data begins 1 April 2024
During and after the rollouts, the project works in close cooperation with the stakeholders.