S.L. 406.22 Art. 9Use of information.

(1) The Commissioner shall transmit the information collected pursuant to regulation 7 in accordance with Article 24b of Council Regulation (EU) No 904/2010 of 7 October 2010 on administrative cooperation and combating fraud in the field of value added tax.

(2) Without prejudice to sub-regulation (1), any information obtained by the Commissioner in terms of these regulations may be used by the Commissioner for the purpose of any investigation being carried out in connection with VAT fraud, evasion or avoidance, or in the context of any proceedings under the Act:

Provided that the Commissioner shall keep confidential any information provided to him by the payment service provider in terms of these regulations and shall not disclose such information to any other person except where the Commissioner is bound at law to effect such disclosure:

Provided further that the Commissioner may report any act or failure by the payment service provider to the relevant regulatory authority which issued a licence or authorisation to such payment service provider.