(1) Except for the purpose of the performance or exercise of the Director's duties or functions under this Act or when lawfully required to do so by the Court or under the provisions of any law in force in Saint Lucia or under any agreement on mutual legal assistance in criminal matters with other Governments, or under any mutual assistance agreement with another regulatory body for the purposes of consolidated supervision, the Director, any person acting under the Director's authority, or any agent of the Financial Centre Corporation shall not disclose, directly or indirectly, any information relating to any application under this Act, or relating to the affairs of a licensee or of a company represented by a licensee or of a trust for which a licensee acts, which the Director or a person under the authority of the Director, or any agent of the Financial Centre Corporation has acquired directly or indirectly, in the performance or exercise of his or her functions under this Act or otherwise.