Payment Clearing and Settlement Act

Marginal note:Information, etc., confidential

• 18 (1) Information and documents obtained under this Act are confidential and shall be treated accordingly.

• Marginal note:Disclosure permitted

  (2) Nothing in subsection (1) prevents the Bank from disclosing any information or documents

  • (a) to any government agency or regulatory body charged with the regulation of financial institutions, within the meaning of section 2 of the Trust and Loan Companies Act, for purposes related to that regulation, and

  • (b) to the Deputy Minister of Finance or any officer of the Department of Finance authorized in writing by the Deputy Minister of Finance or to the Chairperson of the Canada Deposit Insurance Corporation or any officer of that Corporation authorized in writing by the Chairperson,

  if the Bank is satisfied that the information or documents will be treated as confidential by the agency, body or person to whom they are disclosed.