(1) Subject to paragraph (2) and (3), a credit information provider shall verify the legal name and registration number (if any) of a credit information subject which is not an individual against an original or copy of the certificate of incorporation issued to it by the Companies Registration Office or against an equivalent document issued by an authority in any other country or territory in the exercise of a function similar to the function exercised by the Companies Registration Office.

(2) If a credit information subject does not possess any of the documents specified in paragraph (1) the credit information provider may verify the information against any other reliable documentary evidence that contains the legal name and registration number (if any) of the credit information subject.

(3) In determining the reliability of the documentary evidence referred to in paragraph (2) the credit information provider shall have regard to the following:

(a) the nature of the body by whom the document was issued;

(b) the nature of the document;

(c) whether it might reasonably be expected that the document was issued following checks on the identity of the person.