Section 227: Disclosure of confidential or other information.

1 Where a director or employee of the Commission or Authority, in the course of his
duties, acquires information relating to the financial affairs of any person or to any commercial secret or where any other person indirectly acquires such or other information required to be kept confidential under the provisions of this Act from any director or employee of the Commission or Authority, he shall not make use of such information for any unauthorised or unofficial purpose nor disclose it to any other person except -
a for the purpose of legal proceedings under this Act or any other law; and
b to the extent that it may be necessary to do so for the purpose of this Act or any other law.

2 A director or employee of the Commission or Authority shall not, for personal gain, make use of any information acquired by him in the course of his duties within a period of five years after the date on which he ceased to be a director or employee.

3 Any person who contravenes subsection (1) commits an offence and is liable on conviction to the forfeiture of any proceeds accruing to him on account of the contravention and to a fine or other sanctions prescribed in regulation.