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Sharing of information and cooperation between Bank and Private Security Authority
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28. (1) In this section, “Authority” means the Private Security Authority.
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(2) (a) The Authority may provide, to the Bank, information in relation to CIT providers which the Authority acquires in the course of the performance of its functions under the Act of 2004 if the Authority is reasonably satisfied that information is required by the Bank for the purposes of the performance of the Bank’s functions under this Act in so far as they relate to CIT providers.
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(b) Where the Bank receives information from the Authority under this subsection, that information may only be used by the Bank for the purposes of the performance of its functions under this Act in so far as they relate to CIT providers.
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(3) The Bank and the Authority, in so far as it is consistent with the proper performance of their respective functions under this Act and the Act of 2004, may enter into one or more than one agreement or arrangement (whether in the form of a memorandum of understanding or otherwise) from time to time for the purposes of—
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(a) facilitating administrative efficiency and cooperation between the Bank and the Authority in the performance of their respective functions in so far as they relate to the monitoring of compliance by CIT providers with this Act and with the Act of 2004,
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(b) avoiding duplication of activities by the Bank and the Authority, and
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(c) subject to subsection (2) and section 33AK(5)(bc) of the Act of 1942, sharing information for the purposes of monitoring compliance by CIT providers with this Act and the Act of 2004.
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(4) The parties to an agreement or arrangement under this section may vary the terms of the agreement or arrangement.
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(5) An agreement or arrangement under this section, or any variation of such an agreement or arrangement, shall be in writing.
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(6) An agreement or arrangement under this section shall not operate to bind the parties to the agreement or arrangement.
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(7) The Bank shall provide the Minister and the Minister for Justice with a copy of each agreement or arrangement under this section and any variation thereof.
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(8) An agreement or arrangement under this section shall not operate to require the Bank to provide information to the Authority if the disclosure of that information by the Bank is not permitted by section 33AK(5)(bc) of the Act of 1942 or is prohibited by law.
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(9) An agreement or arrangement under this section shall not operate to require the Authority to provide information to the Bank if the disclosure of that information by the Authority is not permitted by subsection (2) or the Act of 2004 or is prohibited by law.
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