Section 27 of the Central Bank Act 1997 is amended by inserting the following after subsection (5):
(a) Subsection (1) does not apply if the regulated financial service provider concerned has a reasonable excuse.
(b) It is a reasonable excuse for the purposes of paragraph (a) for a regulated financial service provider to fail to comply with a requirement under section 25 or 26 that such compliance might tend to incriminate the regulated financial service provider.
(c) Paragraph (b) does not limit what is a reasonable excuse for the purposes of paragraph (a).".