Singapore legislation
Clause 84
of Deposit Insurance and Policy Owners’ Protection Schemes Bill
Clause 84
Provision of information and production of books
(1)
The Authority may, by notice in writing, require a DI Scheme member or PPF Scheme member to —
provide such information; or
produce any book,at such time and in such manner as the Authority may reasonably require for the proper discharge of its functions.
(2)
Any information received from a DI Scheme member or PPF Scheme member under this section shall be treated as secret by the Authority.
(3)
Nothing in subsection (2) shall preclude the Authority from disclosing the information if —
the information is already in the public domain;
the information is disclosed in such a manner that the identity of an individual DI Scheme member or PPF Scheme member cannot be ascertained;
the DI Scheme member or PPF Scheme member consents to the disclosure; or
disclosure of the information on individual DI Scheme member or PPF Scheme member is necessary for the Authority’s performance of its functions or in the exercise of its powers.
(4)
Any DI Scheme member or PPF Scheme member which fails to or neglects to furnish any information or produce any book required by the Authority under this section shall be guilty of an offence.