Malaysia legislation
Section 62
Section 62
New section 72a
The principal Act is amended by inserting after section 72
the following section:
“Qualified privilege and duty of confidentiality 72a. (1) Subject to subsection (2), subsection 119(3) shall not apply to any document or information relating to the affairs or account of any customer of a prescribed institution disclosed by an auditor of a prescribed institution to the
Audit Oversight Board established under the Securities
Commission Act 1993 or an officer or other person authorized in writing by the Audit Oversight Board to perform the responsibilities of the Audit Oversight Board.
(2)
The disclosure under subsection (1) shall be subject to such conditions as may be specified by the Bank.
(3)
An auditor of a prescribed institution shall not be liable—
(a)
for a breach of a duty of confidentiality between the auditor and the prescribed institution in respect of any reporting to the Bank done in good faith under this Part; or
(b)
to be sued in any court for defamation in respect of any statement made by the auditor without malice in the discharge of his duties under this Act.”.
Amendment of section 73