(1) Notwithstanding section 33AK of the Act of 1942, the Bank may, subject to the conditions set out in paragraphs (2), (3) and (4), disclose information to -

(a) the International Monetary Fund and the World Bank, for the purposes of assessments for the Financial Sector Assessment Program,

(b) the Bank for International Settlements, for the purposes of quantitative impact studies, and

(c) the Financial Stability Board, for the purposes of its surveillance function.

(2) The Bank may only disclose confidential information following an explicit request by a body referred to in paragraph (1), where the following conditions are satisfied:

(a) the request is duly justified in light of the specific tasks performed by the requesting body in accordance with its statutory mandate;

(b) the request is sufficiently precise as to the nature, scope, and format of the required information, and the means of its disclosure;

(c) the requested information is strictly necessary for the performance of the specific tasks of the requesting body and does not go beyond the statutory tasks conferred on the requesting body;

(d) the information is disclosed exclusively to the persons directly involved in the performance of the specific task;