Singapore legislation
Clause 315
Clause 315
Secrecy
(1)
Every officer or employee of a securities exchange, a futures exchange, a recognised trading system provider, a person granted an exemption under section 5(3) or 6(3) or a clearing house shall preserve, and aid in preserving, secrecy with regard to all matters coming to his knowledge in the exercise or performance of his duties.
(2)
Subsection (1) shall not apply —
to the disclosure of any information which is authorised by the Authority to be disclosed or furnished;
to the disclosure of information for the purpose of any legal proceedings brought under this Act or any other written law, or for the purpose of any report of any such proceedings, except that in relation to the position of a holder of a capital markets services licence to carry on business to deal in securities or trade in futures contracts or a customer of such holder, such proceedings may, if the court, on its own motion or on the application of a party to the proceedings, so orders, be held in camera and the information shall be secret as between the court and the parties to the proceedings; or
to the disclosure of information for such other purposes, or in such other circumstances, as the Authority may prescribe.
(3)
Any person who contravenes subsection (1), directly or indirectly, shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $100,000 or to imprisonment for a term not exceeding 2 years or to both.