Revised Laws of Saint Lucia (2021)

27.   System participant and operator to provide information

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    (1)   A system participant and an operator shall provide any information requested by the Central Bank relating to the volumes or values of payment and settlement instructions or payment and settlement obligations.

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    (2)   Any information obtained by the Central Bank in response to a request made under subsection (1) is confidential and shall not be disclosed to any third party by the Central Bank, the servants or agents of the Central Bank except—

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      (a)     with the written consent of the system participant or operator;

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      (b)     in the course of performance of duties within the scope of his or her employment;

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      (c)     when lawfully required to make disclosure by any court of competent jurisdiction within Saint Lucia;

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      (d)     under the provisions of any law in force in Saint Lucia; or

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      (e)     as deemed necessary by the Central Bank to protect the integrity, effectiveness or security of the payment system.

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    (3)   A person who contravenes the provisions of subsections (1) and (2) commits an offence and is liable on conviction to a fine not exceeding “$1,000 or to imprisonment to a term not exceeding 3 years or to both.