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S.L. 370.9 · Investor Compensation Scheme (S.L. 370.9)

S.L. 370.9 Art. 27Respect for confidentiality. Cap. 377.

In KraftAmtlicher Text

(1) Members of the Management Committee and persons appointed under regulation 6(1) shall be subject to the provisions of the Professional Secrecy Act and shall keep confidential any information obtained by them in the course of performing their duties under these regulations, and shall not reveal any information to any person, credit institution, association or entity except as may be allowed by these regulations or any other law or by Court order.

(2) The duty of confidentiality shall not be contravened in the case of:

(a) exchange of information between the Management Committee and competent authorities in other countries, or the competent authorities for the management and administration of corresponding schemes in other countries, provided that the relevant information is necessary for the discharge of their duties under these regulations; and

(b) any use or disclosure as may be required to enable the Management Committee and its officers or agents to perform their duties and carry out their functions under these regulations.