Contents of Section

Chapter:

356 PDFTitle:MONETARY STATISTICS ORDINANCEGazette Number:
Section:4Heading:SecrecyVersion Date:30/06/1997

(1) The Monetary Authority and every person who is or has been authorized by him to have access to returns and information submitted by banks and deposit-taking companies and restricted licence banks under this Ordinance shall preserve and aid in preserving secrecy with regard to all such returns and information.
(2) Neither the Monetary Authority nor any other person shall disclose to any unauthorized person any return or information submitted by any bank or deposit-taking company or restricted licence bank under this Ordinance.
(3) Neither the Monetary Authority nor any other person shall suffer or permit any unauthorized person to have access to any return or information submitted by any bank or deposit-taking company or restricted licence bank under this Ordinance.
(4) Except in respect of a prosecution under this Ordinance, no return or information submitted by any bank or deposit-taking company or restricted licence bank under this Ordinance shall be disclosed or used in any proceedings, and neither the Financial Secretary nor the Monetary Authority nor any person who has been authorized to have access to any such return or information shall be compellable in any proceedings to produce or give evidence regarding any such return or information.
(5) Nothing in subsection (2) shall apply to the disclosure of information-

        (a) by the Monetary Authority to the Financial Secretary;
        (b) in the form of a summary of similar information provided by a number of banks or deposit-taking companies or restricted licence banks if the summary is so framed as to prevent particulars relating to the business of any particular bank or deposit-taking company or restricted licence bank being ascertained from it; or
        (c) to any court or magistrate for the purpose of proceedings instituted for an offence under this Ordinance.
(Amended 3 of 1990 s. 55; 82 of 1992 s. 37)