Deposit Insurance and Policy Owners’ Protection Schemes Act 2011 · 2020 Revised Edition · Part 8 · Levies for Ppf Scheme
45. Disclosure of information relating to levies
Feedback & supportSubject to subsections (2) and (3), no PPF Scheme member or officer of any PPF Scheme member may disclose to any person —
the levy rate applicable to the PPF Scheme member;
the category in which the PPF Scheme member is classified pursuant to section 38;
where the system of classifying a PPF Scheme member incorporates a rating of the PPF Scheme member based on the assessment by the Authority of the risks arising from the activities of the PPF Scheme member, the rating of the PPF Scheme member; and
any information which if disclosed, would enable any of the information referred to in paragraph (a), (b) or (c) to be identified or deduced.
Despite subsection (1), a PPF Scheme member or an officer of a PPF Scheme member may disclose to —
officer
“officer” has the meaning given by section 2(1) of the Banking Act 1970;
any director or officer of the PPF Scheme member;
in the case where the PPF Scheme member is a branch, the head office, parent corporation or parent supervisory authority of the PPF Scheme member;
in the case where the PPF Scheme member is a company which is a subsidiary of a foreign corporation, the foreign corporation or the parent supervisory authority of the foreign corporation; or
such other person or class of persons as the Authority may approve,any of the matters referred to in subsection (1) where such disclosure is necessary for the performance of the duties of the person referred to in paragraph (a), (b) or (c), as the case may be.
No person to whom the PPF Scheme member or officer of the PPF Scheme member has disclosed information pursuant to subsection (2) may disclose that information to any other person except as approved by the Authority.
Any person who contravenes subsection (1) or (3) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $125,000 or to imprisonment for a term not exceeding 3 years or to both.