Information sharing entity must share information
16AC Information sharing entity must share information
An information sharing entity may ask another information sharing entity to disclose information for a protection purpose.
The information sharing entity must disclose the requested information if it reasonably believes—
the information is relevant to the exercise of the functions of the other entity; and
the disclosure is necessary for a protection purpose.
However, the information sharing entity must not disclose information if the entity reasonably believes a relevant ground for not disclosing the information exists.
An information sharing entity that does not disclose information under this section must tell the information sharing coordinator, in writing, the following:
the name of the requesting information sharing entity;
the nature of the information requested;
the relevant ground for not disclosing the information.
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