(1) The Commission may, where it or an authorised officer is authorised by law to provide information to a person (in this section referred to as a ‘relevant person’) in connection with the performance of a relevant function, by notice in writing given to the person -

(a) identify information that is provided, or to be provided, to the person by the Commission or an authorised officer, as the case may be, in connection with the performance of a relevant function by the Commission, an authorised officer, or both, as confidential information,

(b) specify, by reference to paragraph (a), (b) or (c) of the definition of ‘confidential information’, the reason the information so identified is confidential, and

(c) direct that the person shall, subject to subsection (2), not disclose that confidential information.

(2) A relevant person who receives a notice under subsection (1) may disclose confidential information referred to in the notice where such disclosure is-

(a) required or permitted by law, or