S.L. 403.25 · Insurance Business (Protection And (S.L. 403.25)
S.L. 403.25 Art. 7Confidentialityand co-operation with the competent authority.
PART II
(1) Other than for the proper discharge of their duties or functions under the Act, these regulations or as may be otherwise provided in any other law, the Management Committee, including its members and any former members of the said Committee, shall treat any information acquired in the discharge of its duties as confidential, and shall not, directly or indirectly, disclose such information to any other person, except with the consent of the person who had divulged the information:
Provided that information may be disclosed by the Management Committee for the purposes of any proceedings before any court or tribunal.
(2) Notwithstanding the provisions of sub-regulation (1), the Management Committee shall have the power to co-operate with, request from, and exchange information with the competent authority where that information is necessary for the performance of its duties.