Sharing of confidential information concerning domestic or foreign entity

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.... (1) Disclosure of information related to a regulated entity shall be subject to the following - (a) The disclosure of information can be made only on receipt of a written request from the requesting authority for the sole purpose of the lawful performance of its duties; (b) The IFSCA shall appoint an official as Custodian of Information to preserve, protect and maintain the co....

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....be bound by an obligation of professional secrecy; (f) The IFSCA may specify additional requirements, obligations and procedures for maintenance of confidentiality of information received from regulated entities or any requested authority. (2) The information that can be sought under section 20 of the Insurance Act, 1938 is non-commercial and largely in public domain. All requests unde....

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.... by the following broad consideration - (a) convincing reason for the request made - whether such reasons are to assist the lawful performance of the duties of such authorities; (b) nature of information sought (not proprietary); (c) maintenance of confidentiality of the information sought; and (d) reciprocity of the request made. (5) (i) Each request for inf....