Financial Advisers Act 2001 · 2020 Revised Edition · Part 4 · Accounts and Audit
56. Restriction on auditor’s and employee’s right to communicate certain matters
Feedback & supportExcept 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, an auditor carrying out any duty imposed under section 53(2) or appointed under section 54(1), and any employee of such auditor, must not disclose any information which may come to his or her knowledge or possession in the course of performing his or her duties as such auditor or employee (as the case may be) to any person other than —
auditor
“auditor” means a public accountant who is registered or deemed to be registered under the Accountants Act 2004;
the Authority; and
in the case of an employee of such auditor, the auditor.
Any person who contravenes this section shall be guilty of an offence and shall be liable on conviction —
in the case of an auditor, to a fine not exceeding $50,000; or
in the case of an employee of an auditor, to a fine not exceeding $25,000.[52