Disclosure of information

(1) The Central Bank shall not directly or indirectly disclose to any person any information or document obtained during the exercise of its functions under this Act, except– (a) for the purpose of performing its functions under this Act; (b) if this is necessary to protect the financial integrity, effectiveness or security of the (c) where it is disclosed to a person who is lawfully authorized to receive the information; (d) when disclosure is ordered by a court of law; or 36 (e) where this is required for the purpose of meeting obligations which Belize entered into under international agreements. (2) Notwithstanding sub-section (1), the Central Bank may furnish data or information obtained under this Act to an entity in Belize or a foreign entity which is charged with the supervision of a financial market or of natural persons or legal entities that are active in a financial market, unless– (a) the purpose for which the data or information will be used is insufficiently specified; (b) the intended use of the data or information does not fit the framework of the supervision of financial markets or of natural persons, legal entities and firms active in these markets; (c) the supply of the data or information would not be compatible with the laws of Belize or public order; (d) the secrecy of the data or information is not adequately guaranteed; (e) the supply of the data or information is or may come into conflict with the objects of this Act; or (f) it is not sufficiently guaranteed that the data or information will not be used for a purpose other than for which it is supplied. (3) Where the request for disclosure is related to an investigation into the commission of an offence it shall only be granted with the permission of the Governor of the Central Bank, by order of the court or in accordance with any other law. 37 (4) A request for data or information shall, if granted, be supplied within a reasonable period to be determined by the data.