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Version status: Revoked | Document consolidation status: Updated to reflect all known changes
Version date: 1 May 2003 - onwards
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Regulation 41 Obligation of professional secrecy/exchanges of confidential information.

Revoked from 1 May 2003

(1) Every person to whom this Article is applicable, including auditors and other experts, working or who has worked for or acting or who has acted on behalf of the Minister shall be bound by the obligation of professional secrecy.

(2) The obligation of professional secrecy means that, subject to the succeeding sub-articles of this Article, no confidential information received in the performance of duties may be divulged to any person or authority whatsoever, except in such form as will ensure that individual insurance undertakings cannot be identified, except by order of a Court in criminal proceedings. Nevertheless, where an insurance undertaking has been declared bankrupt or is being compulsorily wound up, confidential information which does not concern third parties involved in attempts to rescue the undertaking may be divulged where ordered by a competent court in civil or commercial proceedings.

(3) Sub-articles (1) and (2) of this Article shall not prevent the competent aut

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