Corporate finance

46.(1) Where personal data is processed for the purposes of, or in connection with, a corporate finance service

(a) the data is exempt from the subject information provisions to the extent to which either

(i) the application of those provisions to the data could affect the price of any instrument which is already in existence or is to be or may be created; or

(ii) the data controller reasonably believes that the application of those provisions to the data could affect the price of any such instrument; and

(b) to the extent that the data is not exempt from the subject information provisions by virtue of paragraph (a), the data is exempt from those provisions where the exemption is required for the purpose of safeguarding an important economic or financial interest of Barbados.

(2) For the purposes of subsection (1)(b) the Minister may by order specify

(a) matters to be taken into account in determining whether exemption from the subject information provisions is required for the purpose of safeguarding an important economic or financial interest of Barbados; or

(b) circumstances in which exemption from those provisions is, or is not, to be taken to be required for that purpose.

(3) In this section

“corporate finance service”means a service consisting of

(a) underwriting in respect of issues of, or the placing of issues of, any instrument;

(b) advice to undertakings on capital structure, industrial strategy and related matters and advice and service relating to mergers and the purchase of undertakings; or

“price”includes value.

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