Singapore legislation

Clause 26

of Monetary Authority of Singapore Bill

Clause 26

Statistics

(1)

The Authority may at any time for the purpose of carrying out its functions under this Act request such persons or classes of persons as it may decide to collect and furnish such statistical information as the Authority may specify and those persons or classes of persons shall comply with that request.

(2)

Statistical information received from the persons or classes of persons referred to in subsection (1) of this section shall be regarded as secret between them and the Authority.

(3)

Any person who fails to comply with a request of the Authority under subsection (1) of this section shall be guilty of an offence under this Act and shall be liable on conviction to a fine not exceeding five hundred dollars.