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Pursuant  to Republic  Act (RA)  No. 9510  entitled:  An Act Establishing  the Credit Information System and for Other Purposes otherwise known as the Credit Information System Act, and its Implementing  Rules and Regulations (IRR), this Circular is hereby issued to provide supplemental guidelines for the enforcement of  CIC  Circular  No.  2015-01  dated  15  May  2015,  in  order  to  enforce  and implement the Credit Information System.

SECTION 1. Scope

Rule 4.1 of the IRR of RA. No. 9510 authorizes the Credit Information Corporation  (CIC)  to  allow  a  phasing  in,  thus,  this  Circular  shall  cover  the following entities to submit all credit data in their possession for the last five (5) years prior to the effectivity of this Circular:

1.1     Credit card issuers;

1.2     Universal and commercial banks, including their trust departments;

1.3     Thrift banks, including their trust departments;

1.4     Rural banks and entities with quasi-banking  license issued by the Bangko Sentral ng Pilipinas, including their subsidiaries and/ or affiliates that are engaged in the business of providing credit;

1.5     Financing companies;

1.6     Government-owned  and-controlled corporations engaged in lending;

1.7     Large and medium cooperatives as defined by the CDA; and

1.8     Insurance   companies,   mutual   benefit   associations   and   other   similar entities supervised  by the Insurance  Commission;  and non-stock  savings and loan associations.

Note: The complete list of data elements and data formats can be requested from the CIC by sending an e-mail to:  datasubmission@creditinfo.gov.ph

SECTION 2. Deadline for Production Submission

Sub m itti n g En tit y	Dead li n e
C r ed i t ca rd i ssue r s	3 0 Nove m ber 2015
Un i ve r sa l and co mm e r c i al banks, i nc l ud i n g t he ir tr ust depa rt m en ts	3 1 M a r ch 2016
Th rif t banks, i nc l ud i ng t he ir tr us t depa rt m en ts	3 0 Ap ril 201 6
Ru r a l banks and en titi es w ith quas i- bank i ng lic ense i ssued by t he BSP, i nc l ud i ng t he ir subs i d i a ri es and / or a ffili a t es t hat a r e engaged in t he bus i ness of p r ov i d i ng c r ed i t	3 0 June 2016
F i nanc i n g co m pan i e s	3 1 August 2016
Gove r n m en t- owne d and - con tr o ll e d co r po r a ti ons engaged in l end i n g	3 0 Sep t e m ber 2016
La r g e coope r a ti ves as de fi ned by t he CD A	3 0 Oc t ober 2016
M ed i u m coope r a ti ves as de fi ned by t h e CDA; i nsu r ance co m pan i es, m u t ual bene fi t assoc i a ti ons and o t her s i m il ar en titi es supe r v i sed by t he I nsu r ance Co mm i ss i on ;	3 1 Dece m ber 2016
an d non - s t ock sav i ngs and l oa n assoc i a ti ons

SECTION 3. Technical Requirements

The Submitting Entity Information Sheet (Annex “A”#) must be accomplished and  submitted  together  with  the  Secretary’s  Certificate  (template  of  which  is enclosed as Annex “B”#) or equivalent document that is acceptable to the CIC, designating  the  persons/representatives   duly  authorized  to submit,  as  well  as access the error report folders of the CIC’s Credit Information System.

The Technical Requirements and guidelines for submission to the CIC are as follows:

1.     Submission File

a.   Must be extracted from .txt file in Unicode Transformation Format (UTF)-8 without byte order mark (BOM) format, compressed and zipped into a .zip file and encrypted into a .gpg file;

b.   Must  be  in  UTF-8  format  without  BOM  and  could  be  verified  using Notepad++;

c.   File must conform with validation rules defined by the CIC; and

d.   File Encryption software used must be the latest Gpg4Win software from GpgWin website*.

2.     Access to File Transfer Protocol (FTP) Submission Folder

a.  Internet connection must use FTP Client software with Transport Layer Security  (TLS)  1.2  support  such  as  but  not  limited  to  CuteFTP  or FileZilla*;
b.   Anti-Virus  software  must  be  installed  and  must  be  updated  on  the equipment where transmission  is to originate to ensure that Submission File is free from malware; and
c.   Submission File must be sent behind the Submitting Entity’s firewall with its registered public Internet Protocol (IP) address.

*Note: CIC Encryption  Key and login credentials  will be sent by the CIC once registration process is completed.

SECTION 4. Sanctions

Non-submission  of reports, and/or delayed submission of reports as well as submission of erroneous data shall subject the entity to sanctions, as hereinafter promulgated by the CIC.

SECTION 5. Repealing Clause

All  issuances,   orders,   rules  and  regulations   or  parts  thereof   that  are inconsistent with the provisions of this Circular are hereby repealed, amended or modified accordingly.

SECTION 6. Separability Clause

Should any provision of this Circular be declared invalid or unconstitutional, the other provisions not affected thereby shall remain valid and subsisting.

SECTION 7. Effectivity

This Circular shall be effective fifteen (15) calendar days after the date of its publication either in the Official Gazette or in a newspaper of general circulation in  the  Philippines  and  upon  filing  with  the  University  of  the  Philippines  Law Center of three (3) certified copies.

Signed this 28th day of September 2015, Makati City, Philippines.