Auditor’s protection from liability

(1) Notwithstanding the provisions of any other Act or regulation, including the rules of any professional association of which he may be a member, no duty to which an auditor may be subject shall be regarded as contravened by reason of his communicating in good faith to the Central Bank, whether or not in response to a request made by it, any information about a licensee or financial holding company or opinion pursuant to an obligation of the auditor under this Act. (2) This section applies to any matter of which an auditor becomes aware in his capacity as auditor and which relates to the business or affairs of the licensee or financial holding company or any affiliate of the licensee.