Section 29, The Credit Reference Act, 2011

Transitional provisions.ii 17 Liquidation of credit reference. Transitional provisions. Regulations. (b) in the case of a firm, every person who at the time the offence was committed was a partner or officer of that firm, shall be deemed to have committed that offence. (2) In any proceedings for an offence under this Act, it shall be a defence for the person charged to prove that - (a) the offence was committed without his knowledge or connivance; (b) he took all reasonable precautions and exercised all due diligence to prevent the commission of the offence; or (c) that he acted in good faith. 27. The Central Bank may by statutory instrument, make Regulations to give effect to this Act. 28. Where a credit reference bureau ceases to do business or is subject to liquidation, it shall deliver all information it possesses, controls or owns to the Central Bank. 29. (1) The Central Bank shall, until the establishment of credit reference bureaus, create a credit reference division at the Central Bank. (2) Subject to subsection (1) the credit reference division shall perform the functions of a credit reference bureau under this Act.