Section 27Part 6 — General and Supplementary
Restrictions on disclosure of information
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No information with respect to any particular individual or particular undertaking (other than the undertaking of the Bank) shall, without the consent of the individual or undertaking, be included in any report laid before the Legislative Assembly under this Law.
No information obtained by any person in the exercise of any power conferred by or under this Law on the Bank or the Board shall be disclosed by him:
Provided that nothing in this subsection shall restrict the disclosure of information —
made for the purpose of legal proceedings (including arbitration), or for the purpose of any report of such proceedings;
if, and in so far as, the disclosure is required or authorised by this Law or by the Monetary Authority Law (2018 Revision);
with the consent of the person by whom the information was furnished; and
in the form of a summary of similar returns or information by or obtained from a number of persons, being a summary so framed as not to enable particulars relating to any one person or undertaking to be ascertained from it.
Whoever discloses any information in contravention of subsection (2) is guilty of an offence and liable on summary conviction to a fine of ten thousand dollars and to imprisonment for one year, and on conviction on indictment to a fine of fifty thousand dollars and to imprisonment for three years.
Cross References
- Section of Monetary Authority Law
authorised by the Monetary Authority Law (2018 Revision)