Home / CY AIF Law of 2018 / PART V SUPERVISION AND PENALTIES / Chapter 1: Supervision of AIFs / [114] Professional secrecy and cooperation with other countries’ competent authorities and organisations.
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114. Professional secrecy and cooperation with other countries’ competent authorities and organisations.
The provisions of the Securities and Exchange Commission Law, regarding:
(a) the duty of confidentiality and observance of professional secrecy by the Securities and Exchange Commission, as well as, the lifting of professional secrecy in respect of the Securities and Exchange Commission by persons regulated and supervised by the latter and the penalties in case of violation of the professional secrecy; and
(b) the cooperation of the Securities and Exchange Commission with the competent authorities and other bodies of other member states or third countries;
shall apply, proportionately, in the exercise, by the Securities and Exchange Commission, of its powers in accordance with this Law.
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