In forceAmended2020 Revised Edition

Contents

Monetary Authority of Singapore Act 1970 · 2020 Revised Edition · Part 2 · Establishment, Capital Andadministration of Authority

14A. Preservation of secrecy

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Amended

Last amended by an amending law of 2020.

(1)

Subject to subsection (3), an individual who is or has been a director or an officer or employee of the Authority must not disclose to any person any information which the individual acquired in the performance of the individual’s duties or the exercise of the individual’s functions.

(2)

Subject to subsection (3), a person who is or has been —

(a)

a contractor supplying goods or services to the Authority;

(b)

a consultant or an agent of the Authority; or

(c)

an employee of a person mentioned in paragraph (a) or (b),must not disclose to any other person any information (other than personal data about an individual) which the firstmentioned person acquired in the performance of that person’s duties or the exercise of that person’s functions.

(3)

Subsection (1) or (2) does not apply if the individual or person (as the case may be) (P) discloses the information concerned —

(a)

for the purpose of performing P’s duties or exercising P’s functions;

(b)

as authorised by the Authority;

(c)

as permitted or required by or under any written law;

(d)

as authorised or required under an order of court; or

(e)

in any other prescribed circumstances or for any other prescribed purpose.

(4)

To avoid doubt, subsection (3) does not affect any obligation or limitation imposed on, or prohibition of, the disclosure of personal data in the possession or under the control of the Authority by or under any other written law or other law.

(5)

An individual who contravenes subsection (1), or a person who contravenes subsection (2), shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $20,000 or to imprisonment for a term not exceeding 2 years or to both.