Singapore legislation

Clause 22

Amendment of section 26

Section 26 of the Banking Act is amended by inserting, immediately after subsection (6), the following subsection:“(6A) Nothing in subsection (6) shall preclude the Authority from disclosing any information, not being customer information as defined in section 40A, received from a bank under this section if —

(a)

the information is in the public domain;

(b)

the information is disclosed in such a manner that the bank’s identity cannot be ascertained;

(c)

the bank or the person from whom the bank has obtained the information consents to the disclosure;

(d)

the person to whom the information relates consents to the disclosure; or

(e)

the disclosure of the information is necessary for the performance of any principal object or function, or the exercise of any power, of the Authority under this Act or any other written law.”.

Read in full context — Banking (Amendment) Bill →