Assistance to domestic authority
30AAZF.—(1)  Notwithstanding any obligation as to secrecy or other restriction upon the disclosure of information imposed by any prescribed written law or any requirement imposed thereunder, any rule of law, any contract or any rule of professional conduct, the Authority may, on its own motion or upon receiving a written request from a domestic authority for any material in relation to the resolution of a specified financial institution, transmit to the domestic authority any such material that is in the possession of the Authority or a copy thereof.
(2)  In deciding whether to transmit any material to a domestic authority under subsection (1), the Authority may have regard to the following:
(a)whether the assistance is intended to enable the domestic authority —
(i)to prepare plans for dealing with the resolution of a specified financial institution;
(ii)to avoid having to exercise any resolution powers in relation to a specified financial institution; or
(iii)to determine whether or when to exercise resolution powers in relation to a specified financial institution;
(b)whether the domestic authority has given or is willing to give a written undertaking —
(i)that any material or copy thereof obtained pursuant to its request shall not be used for any purpose other than a purpose that is specified in the request and approved by the Authority; or
(ii)that any material or copy thereof transmitted by the Authority on its own motion shall not be used for any purpose other than a purpose that is specified by the Authority;
(c)whether the domestic authority has given a written undertaking not to disclose to a third party any material or copy thereof obtained pursuant to the request or transmitted by the Authority on its own motion, unless the domestic authority is compelled to do so by the law or the Court.
[Act 9 of 2013 wef 18/04/2013]