The Credit Servicers and Credit Purchasers and Related Matters (Amendment) Law of 2026

E.E. Part I(I) Law 85(I)/2026
No. 5087, 21.4.2026
The Credit Servicers and Credit Purchasers and Related Matters (Amendment) Law of 2026 is enacted with publication in the Official Gazette of the Republic of Cyprus in accordance with Article 52 of the Constitution. _____________ Number 85(I) of 2026 LAW AMENDING THE CREDIT SERVICERS AND CREDIT PURCHASERS AND RELATED MATTERS LAW OF 2024 AND 2025 Preamble. Official Gazette of the E.U.: L 438, 8.12.2021, p. 1. For the purposes of re-harmonization with Article 17 and Article 21 of the act of the European Union titled “Directive (EU) 2021/2167 of the European Parliament and of the Council of 24 November 2021 on credit servicers and credit purchasers and amending Directives 2008/48/EC and 2014/51/EU”, The House of Representatives votes as follows:
Short title.
122(I) of 2024
70(I) of 2025.

1. This Law shall be cited as the Credit Servicers and Credit Purchasers and Related Matters (Amendment) Law of 2026 and shall be read together with the Credit Servicers and Credit Purchasers and Related Matters Laws of 2024 and 2025 (hereinafter referred to as “the principal Law”) and the principal Law and this Law shall be referred to together as the Credit Servicers and Credit Purchasers and Related Matters Laws of 2024 to 2026.

Amendment of Article 2 of the principal
Law.
2. Subparagraph (1) of Article 2 of the principal Law is amended as follows:
(a) By replacing the definition of the term “ARTEMIS data exchange mechanism” with the following definition:
66(I) of 1997
74(I) of 1999
94(I) of 2000
119(I) of 2003
4(I) of 2004
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231(I) of 2004
235(I) of 2004
20(I) of 2005
80(I) of 2008
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123(I) of 2009
27(I) of 2011
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14(I) of 2013
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5(I) of 2015
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21(I) of 2016
5(I) of 2017
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169(I) of 2017
““ARTEMIS data exchange mechanism” has the meaning assigned to this term by subparagraph (1) of Article 2 of the Credit Institutions Transactions Law;” and 540

28(I) of 2018
89(I) of 2018
153(I) of 2018
80(I) of 2019
149(I) of 2019
21(I) of 2020
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28 (I) of 2021
94(I) of 2021
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14(I) of 2025
84(I) of 2026.
(b) by replacing the definition of the term “system or mechanism for data exchange” with the following definition:
““system or mechanism for data exchange” has the meaning assigned to this term by subparagraph (1) of Article 2 of the Credit Institutions Transactions Law;”.

Amendment of Article 18 of the principal
Law.
3. Article 18 of the principal Law is amended as follows:
(a) By replacing in subparagraph (5) the phrase “as the data are determined in the Directive on the Definition of System or Mechanism for Data Exchange, Aggregation and Provision of Data of the Central Bank” (second to fourth line) with the phrase “in accordance with the provisions of the Credit Institutions Transactions Law and the directives issued thereunder”; (b) by replacing in paragraph (b) of subparagraph (7) the phrase “which are determined by the Central Bank under the Directive on the Definition of System or Mechanism for Data Exchange, Aggregation and Provision of Data of the Central Bank” (second to fourth line) with the phrase “which are determined in the directives of the Central Bank issued under the Credit Institutions Transactions Law”; (c) by replacing subparagraphs (8) and (9) with the following subparagraphs, respectively:
“(8) For the purposes of subparagraph (7), a credit servicer that has been appointed or an entity provided for in sub-paragraphs (i) or (iii) of paragraph (a) of subparagraph (5) of Article 4 has access to the data which are determined in accordance with the Credit Institutions Transactions Law and the directives of the Central Bank issued thereunder, provided that it is in full compliance with the obligations arising from Regulation (EU) 2016/679 and the provisions of the Law on the Protection of Natural Persons with regard to the Processing of Personal Data and on the Free Movement of such Data and in any case in accordance with the provisions of the Credit Institutions Transactions Law and the directives issued thereunder. (9) Subject to the provisions of this Law, credit purchasers and credit servicers comply with the provisions of the Credit Institutions Transactions Law and the directives issued thereunder, regarding the submission of data to the ARTEMIS data exchange mechanism and access to it, as appropriate.”; and (d) by deleting subparagraph (10).

Amendment of Article 28 of the principal
Law.
4. Article 28 of the principal Law is amended by replacing in paragraph (z) of subparagraph (2) the phrase “of the Directive on the Definition of System or Mechanism for Data Exchange, Aggregation and Provision of Data of the Central Bank” (second to fourth line) with the phrase “of the Credit Institutions Transactions Law and the directives issued thereunder”.
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Amendment of Article 31 of the principal
Law.
5. Article 31 of the principal Law is amended by deleting subparagraphs (3) and (4).
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