Bermuda Monetary Authority Amendment (No. 3) Act 2004
BERMUDA MONETARY AUTHORITY AMENDMENT (NO. 3) ACT
2004
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BERMUDA
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THE BERMUDA MONETARY AUTHORITY AMENDMENT (NO. 3)
ACT 2004
[Date of Assent: 12 August, 2004]
[Operative Date: 12 August, 2004]
WHEREAS it is expedient to amend the Bermuda Monetary
Authority Act 1969:
Be it enacted by The Queen's Most Excellent Majesty, by and
with the advice and consent of the Senate and the House of Assembly of
Bermuda, and by the authority of the same, as follows:
Short title
1 This Act may be cited as the Bermuda Monetary Authority
Amendment (No. 3) Act 2004.
Amendment of section 31
2 Section 31 of the Bermuda Monetary Authority Act 1969 is
amended —
(a) in subsection (1), by repealing "and (1C)" and
substituting ", (1C) and (1D)"; and
(b) by repealing subsection (1C) and substituting the
following subsections —
"(1C) No information or document regarding the
account or regarding any matter or thing relating to the
business or other affairs of any individual depositor,
BERMUDA MONETARY AUTHORITY AMENDMENT (NO. 3) ACT
2004
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client or other customer of a financial institution that
has been obtained by the Authority shall be disclosed by
the Authority.
(1D) The restriction under subsection (1C) shall not
apply to the disclosure by the Authority of any
information or documents pursuant to section 30A or
30B, or subsection (1AA) or (1B) of this section or any
provision under any other Act permitting disclosure by
the Authority, of information or documents.".
BERMUDA MONETARY AUTHORITY AMENDMENT (NO. 3) BILL
2004
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