Singapore legislation
Section 64
Section 64
Obligation to maintain confidentiality
(1)
Subject to subsection (2), an approved clearing house and its officers and employees must maintain, and aid in maintaining, confidentiality of all user information that —
comes to the knowledge of the approved clearing house or any of its officers or employees; or
is in the possession of the approved clearing house or any of its officers or employees.
(2)
Subsection (1) does not apply to —
the disclosure of user information for such purposes, or in such circumstances, as the Authority may prescribe;
any disclosure of user information which is authorised by the Authority to be disclosed or provided; or
the disclosure of user information pursuant to any requirement imposed under any written law or order of court in Singapore.
(3)
To avoid doubt, nothing in this section is to be construed as preventing an approved clearing house from entering into a written agreement with a user which obliges the approved clearing house to maintain a higher degree of confidentiality than that specified in this section.