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In force2020 Revised Edition

Part 4 · Audit of Licensed Credit Bureaus

25. Restriction on auditor’s and employee’s right to communicate certain matters

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(1)

Except as may be necessary for the carrying into effect of the provisions of this Act or so far as may be required for the purposes of any legal proceedings, whether civil or criminal —

(a)

an auditor appointed under section 23(1) or (3); or

(b)

any employee of such auditor,must not disclose any information that comes to the auditor’s or employee’s knowledge in the course of performing the auditor’s or employee’s duties, to any person other than the Authority, or in the case of an employee of such auditor, the auditor.

(2)

Any person that contravenes this section shall be guilty of an offence and shall be liable on conviction —

(a)

in the case of the auditor, to a fine not exceeding $25,000; or

(b)

in the case of the employee, to a fine not exceeding $12,500.

Report

Part 5

Approval of Approved Members

Part 6

Duties of Approved Members of Licensed Credit Bureaus

Part 7

Control of Substantial Shareholders, Controllers and Officers of Licensed Credit Bureaus

Part 8

Inspections and Investigations

Part 9

Authority’S Control Over Licensed Credit Bureaus

Part 10

Offences

Part 11

Appeals

Part 12

Miscellaneous

Schedules