§ 28I — Immunity and negation of secrecy obligations

28I. A prescribed financial institution or an officer of a prescribed financial institution authorised to act for the prescribed financial institution, or both —(a)

may —(i)

in accordance with the provisions of section 28D, 28E or 28F; or

(ii)

as required by a written notice issued under section 28H, for the purpose of correcting an error or omission in risk information —(A)

disclosed under section 28D or 28E; or

(B)

published under section 28F,

disclose or publish (as the case may be) any risk information relating to any relevant party despite any obligation as to secrecy or other restrictions upon the disclosure of information imposed by any written law, rule of law, contract or rule of professional conduct; and

(b)

is or are not liable for any loss arising out of the disclosure or publication, or any act or omission in consequence of the disclosure or publication if the disclosure or publication was —(i)

made or published (as the case may be) with reasonable care and in good faith; and

(ii)

made or published (as the case may be) either —(A)

in accordance with section 28D, 28E or 28F; or

(B)

as required by a written notice issued under section 28H, for the purpose of correcting an error or omission in risk information —(BA)

disclosed under section 28D or 28E; or

(BB)

published under section 28F.[Act 19 of 2023 wef 01/04/2024]