Cap. 555 Art. 27ACooperation between entities.

(1) For the proper discharge of their respective duties, the

Office and competent authorities shall cooperate and exchange information about issues that, in the Arbiter’s opinion, are likely to have wider regulatory implications, including issues that appear to affect multiple customers of one (1) or more financial service providers.

(2) The Arbiter may direct the Board to enter into a memorandum of understanding with such competent authorities, setting out the terms under which they agree to comply with sub-article (1). Such agreements shall be publicly available in electronic format or on request.

(3) Any information divulged or exchanged pursuant to this article shall be treated as confidential by the respective parties, and its disclosure may only be permitted if prior consent of the respective parties is obtained in writing.

(4) Such exchange of information shall be without prejudice to article 27(6).