Section 20: Duty to maintain secrecy — Central Depositories Act, 1997

Current legal status not independently verified — Source: Pakistan Code (single official PDF, 2026-08-21). Whether this provision is still in force has not been independently verified.

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20. Duty to maintain secrecy.—(1) Except as provided in this Act or in any other law for the time being in force, no director or officer of a central depository or a participant, whether during his tenure of office or during his employment or thereafter; and no other person who has by any means knowledge of any information or document whatsoever relating to the affairs of any of the account holders, and in particular, relating to their accounts or subaccounts, shall give, divulge, reveal or otherwise disclose such information or document to any other person. (2) A person who has any information or document which to his knowledge has been disclosed in contravention of subsection (1) shall not in any manner howsoever disclose it to any other person.

Effective date: 1997-01-01

Related sections

Section 19: Borrowing or lending of securities Section 21: Permitted disclosures Section 18: Record of an entry prima facie evidence Section 22: Regulation of access to the computer system Section 17: Inspection of the central depository register Section 23: Central depository to provide assistance to the Registrar, the Authority, the State

Version central-depositories-act-1997~PK-FED~base · Source-traceable official reference. LawHub does not modify the official record.