Section 43: Use of confidential information for personal gain — Pakistan Sovereign Wealth Fund Act, 2023

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43. Use of confidential information for personal gain.___If any member of the Board, employee or agent of the Fund for personal gain makes use of any information which he has acquired in the performance of his functions under this Act and which relates to the affairs of the Fund, or of any entity in which the Fund has made any investment, or of any investor in the Fund, he shall be guilty of an offence and liable to fine not exceeding double the amount of his gain in addition to the disciplinary proceedings in accordance with the procedure prescribed in regulations.

Effective date: 2023-08-04

Related sections

Section 42: Preservation of secrecy Section 44: Protection of action taken in good faith Section 41: Exemption from liability of the directors of Board, members, employees of the Fund Section 45: Power to make rules Section 40: Financial year of Fund Section 46: Power to make regulations

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