Singapore legislation
Section 29
Section 29
Disclosure of information relating to premium contributions
(1)
Subject to subsections (2) and (3), no Scheme member or officer of any Scheme member shall disclose to any person —
the premium rate applicable to the Scheme member;
the category in which the Scheme member is classified pursuant to section 22;
where the system of classifying a Scheme member incorporates a rating of the Scheme member based on the assessment by the Authority of the risks arising from the activities of the Scheme member, the rating of the Scheme member; and
any information which if disclosed, would enable any of the information referred to in paragraph (a), (b) or (c) to be identified or deduced.
(2)
Notwithstanding subsection (1), a Scheme member or an officer of a Scheme member may disclose to —
any director or officer of the Scheme member;
in the case where the Scheme member is a full bank, the head office, parent bank or parent supervisory authority of the Scheme member; or
such other person or class of persons as the Authority may approve,any of the matters referred to in subsection (1) where such disclosure is necessary for the performance of the duties of the person referred to in paragraph (a), (b) or (c), as the case may be.
(3)
No person to whom the Scheme member or officer of the Scheme member has disclosed information pursuant to subsection (2) shall disclose that information to any other person except as approved by the Authority.
(4)
Any person who contravenes subsection (1) or (3) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $125,000 or to imprisonment for a term not exceeding 3 years or to both.