s 51 Preservation of secrecy
51.—(1) Every director, officer or employee of a commodity market or a clearing house must preserve, and aid in preserving, secrecy with regard to all matters coming to his or her knowledge in the exercise or performance of his or her duties. (2) Subsection (1) does not apply —(a) to the disclosure of any information which is authorised by the Board to be disclosed or furnished; (b) to the disclosure of information for the purpose of any legal proceedings brought under this Act or any other written law, or for the purpose of any report of any such proceedings, except that in relation to a customer’s or commodity broker’s position such proceedings may (if the court, of its own motion or on the application of a party to the proceedings, so orders) be held in private in which event the information is secret as between the court and the parties thereto; or[Act 25 of 2021 wef 01/04/2022] (c) to the disclosure of information for such other purposes, or in such other circumstances, as the Board may by regulations prescribe. (3) A person who contravenes subsection (1), directly or indirectly, shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $20,000 or to imprisonment for a term not exceeding 2 years or to both.