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Sec 15, Payment & Settlement Systems Act 2007: Info to be confidential

The Payment and Settlement Systems Act 2007,

Chapter IV (Authorization of Payment Systems),

Section 15 (Information, etc., to be confidential) :—

❝(1) Subject to the provisions of sub-section (2), any document or information obtained by the Reserve Bank under sections 12 to 14 (both inclusive) shall be kept confidential.

(2) Notwithstanding anything contained in sub-section (1), the Reserve Bank may disclose any document or information obtained by it under sections 12 to 14 (both inclusive) to any person to whom the disclosure of such document or information is considered necessary for protecting the integrity, effectiveness or security of the payment system, or in the interest of banking or monetary policy or the operation of the payment systems generally or in the public interest.❞

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