61. Maintenance of secrecy

Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.

(1)

Every director, manager, officer, employee and agent of any finance company and of any body corporate authorized in terms of paragraph (a) of subsection (2) of section 38 shall observe strict secrecy in respect of all transactions of the finance company, its customers and the state of accounts of any person and all matters relating thereto and shall not reveal any such matter except –

(a)

when required to do so by a court of law or by the person to whom such matter relates, in the performance of the duties of such director, manager, officer, employee and agent; or

(b)

in order to comply with any of the provisions of this Act or any other written law:

(2)

Every director, manager, officer, employee and agent of any finance company and of any body corporate authorized in terms of paragraph (a) of subsection (2) of section 38 shall sign a declaration pledging himself to observe strict secrecy in accordance with subsection (1).

(3)

The provisions of subsections (1) and (2) shall not prohibit a finance company from providing in good faith to another finance company on request an opinion or reference relating to a customer in accordance with customary practices in the finance industry.

Read on from s 62