Decision (EU) 2019/1348 of the European Central Bank (ECB) on the procedure for recognising non-euro area Member States as reporting Member States under the AnaCredit Regulation (EU) 2016/867 was published in the Official Journal of the EU. According to the AnaCredit Regulation, the credit database should be open on a voluntary basis to non-euro area Member States. This decision outlines the procedures to be followed by the ECB relating to (a) expressions of interest by non-euro area Member States to become reporting Member States under the AnaCredit Regulation, (b) its assessment of these expressions of interest, (c) its recognition of a non-euro area Member State as a reporting Member State, and (d) the potential suspension and termination of such a recognition. Article 6 of this decision outlines the conditions of the first transmission of credit data.

The conditions for the access to and use of credit data collected by the ECB, euro area national central banks (NCBs) and non-euro area reporting Member States by non-euro area NCBs, and the access to and use by the ECB, euro area NCBs and NCBs of non-euro area reporting Member States of the data collected by non-euro area reporting Member States on the basis of their respective national laws, need to be established in a separate legally binding agreement. The decision to recognise a non-euro area Member State as a reporting Member State will therefore be dependent on the existence of a legally binding agreement governing the interaction between the non-euro area NCBs, the ECB and the euro area NCBs on the sharing of credit data and other relevant issues, including the protection of the confidentiality of the information and restrictions on the use or transmission of the credit data, such as in the context of any feedback loops established under Article 11 of the AnaCredit Regulation.

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