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In forceAmendedUpdated to 30 Jun 2025
Contents

Part 4A · Information Sharing Scheme for Prescribed Financial Institutions

28I. Immunity and negation of secrecy obligations

Amended

Last amended by an amending law of 2023.

A prescribed financial institution or an officer of a prescribed financial institution authorised to act for the prescribed financial institution, or both —

(a)

may —

(i)

in accordance with the provisions of section 28D, 28E or 28F; or

(ii)

as required by a written notice issued under section 28H, for the purpose of correcting an error or omission in risk information —

(A)

disclosed under section 28D or 28E; or (B)published under section 28F,disclose or publish (as the case may be) any risk information relating to any relevant party despite any obligation as to secrecy or other restrictions upon the disclosure of information imposed by any written law, rule of law, contract or rule of professional conduct; and

(b)

is or are not liable for any loss arising out of the disclosure or publication, or any act or omission in consequence of the disclosure or publication if the disclosure or publication was —

(i)

made or published (as the case may be) with reasonable care and in good faith; and (ii)made or published (as the case may be) either —

(A)

in accordance with section 28D, 28E or 28F; or (B)as required by a written notice issued under section 28H, for the purpose of correcting an error or omission in risk information —

(BA)

disclosed under section 28D or 28E; or (BB)published under section 28F.

Report

Part 5

Technology Risk Management

Part 6

Dispute Resolution Schemes

Part 7

Control Over Financial Institutions

Part 8

Resolution of Financial Institutions

Part 9

Digital Token Service Providers

Part 10

Inspection Powers of Authority

Part 10A

Investigations

Part 11

Offences

Part 12

Miscellaneous

Part 13

Consequential and Related Amendments to Other Acts

Part 14

Savings and Transitional Provisions

Schedules