Singapore legislation
Section 46O
Section 46O
Obligation to maintain confidentiality
(1)
Subject to subsection (2), a licensed trade repository and its officers and employees must maintain, and aid in maintaining, the confidentiality of all user information and transaction information that —
comes to the knowledge of the licensed trade repository or any of its officers or employees; or
is in the possession of the licensed trade repository or any of its officers or employees.
(2)
Subsection (1) does not apply to —
the disclosure of user information or transaction information for such purposes, or in such circumstances, as the Authority may prescribe;
any disclosure of user information or transaction information which is authorised by the Authority to be disclosed or provided; or
the disclosure of user information or transaction information pursuant to any requirement imposed under any written law or order of court in Singapore.
(3)
To avoid doubt, nothing in this section is to be construed as preventing a licensed trade repository from entering into a written agreement with a participant which obliges the licensed trade repository to maintain a higher degree of confidentiality than that specified in this section.
(4)
A licensed trade repository must comply with such other requirements relating to confidentiality as the Authority may prescribe.