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reg 10

Non‑disclosure by auditor and person appointed by Minister

In force

10 Non‑disclosure by auditor and person appointed by Minister

(1)

Except as provided in this regulation an auditor or person appointed by the Minister shall not divulge to any person or in any proceedings, any information that he has obtained in the course of conducting an audit or examination pursuant to the Act.

(2)

An auditor or person appointed by the Minister is not guilty of a breach of this regulation by disclosing any information —

(a)

by means of or in any report made pursuant to the Act or to the Minister; or

(b)

in or for the purposes of any legal proceedings arising out of any such report or instituted in connection with the trust accounts of a debt collector to whom the information relates; or

(c)

to any surety under a fidelity bond or approved security given in respect of a debt collector either verbally or in writing if the disclosure is first approved by the Minister.

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