PD-A.3 PD-A.3 Proprietary and Confidential Information
PD-A.3.1
Proprietary information encompasses information (for example on products or systems), that if shared with competitors would render a
financing company's investment in these products/systems less valuable, and hence would undermine its competitive position. Information aboutcustomers is often confidential, in that it is provided under the terms of a legal agreement or counterparty relationship. This has an impact on whatfinancing companies should reveal in terms of information about theircustomer base, as well as details on their internal commercial arrangements, for instance methodologies used, parameter estimates, data etc.January 2014PD-A.3.2
If a
financing company considers that disclosure of certain information required in Section PD-1.3 may prejudice seriously its position by making public information that is either proprietary or confidential in nature, it need not disclose those specific items, subject to the prior approval of the CBB. In such situations, the CBB may require the disclosure of more general information about the subject matter of the requirement, together with the fact that, and the reason why, the specific items of information have not been disclosed. This limited exemption is not intended to conflict with the disclosure requirements under IFRS and AAOIFI, as applicable.January 2014
