Malaysia legislation

Section 8

of RETIREMENT FUND (AMENDMENT) ACT 2015

Section 8

The principal Act is amended by inserting after section 21

the following section:

“Obligation of secrecy 21a.  (1)   Except for any of the purposes of this Act or for the purposes of any civil or criminal proceedings under any written law or where otherwise authorized by the Board—

(a)

no member of the Board, Investment Panel, committee, officers and servants of the Retirement Fund

(Incorporated) or any person attending any meeting of the Board, Investment Panel or any of its committees, whether during or after his tenure of office or employment, shall disclose any information which has been obtained by him in the course of his duties and which is not published in pursuance of this Act;

and

(b)

no other person who has by any means access to any information or documents relating to the affairs of the Retirement Fund (Incorporated) shall disclose such information or document.

Retirement Fund (Amendment)

(2)

Any person who contravenes subsection (1) commits an offence and shall, on conviction, be liable to a fine not exceeding one hundred thousand ringgit or to imprisonment for a term not exceeding three years or to both.”.

KUALA LUMPUR