Unlawful exercise of statutory functions

Any officer or employee of the Institute– (a) acts in contravention of the oath of secrecy referred to in this Act; (b) in the pretended performance of his functions as employee or officer, obtains or attempts to obtain, from a person or undertaking, any information which he is not lawfully entitled to obtain from that person or undertaking; (c) deserts from his duty, or wilfully makes any false declaration, statement or return in the performance of his duties; (d) wilfully fails to return to the Institute a document or record collected from a person or undertaking under this Act, or fails to keep any document or record containing information collected under this Act in his custody in such manner as to ensure that unauthorised persons do not have access thereto; (e) wilfully discloses or divulges directly or indirectly to any person not entitled under this Act to receive the same information obtained by him in the course of his employment that might exert an influence on or affect the market value of any stocks, bonds or other security or any product or article; or (f) uses any information described in paragraph (c) for the purpose of speculating in any stocks, bonds or other security or any product or article, commits an offence and is liable on summary conviction to a fine not exceeding one thousand dollars, or to imprisonment for a term not exceeding one year, or to both such fine and term of imprisonment.