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In force2020 Revised Edition
Contents

Part 3 · Payment Systems

70. 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 68(1) or (2); 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)

A person that contravenes subsection (1) 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.

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Part 4A

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Part 5

Emergency Powers

Part 6

Assistance to Foreign Regulatory Authorities

Part 7

Offences

Part 8

Miscellaneous

Part 9

Consequential and Related Amendments to Other Acts

Part 10

Saving and Transitional Provisions

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