49X. (1) The disclosure by the Agency or a subsidiary of the Agency, as the case may be, of information or records about a relevant bank asset to a potential purchaser or to a potential purchaser’s agent or adviser does not contravene any duty of confidentiality to which the Agency or subsidiary of the Agency is subject.

(2) The production by the Agency or a subsidiary of the Agency, as the case may be, of any document under subsection (1) that the Agency or a subsidiary of the Agency could not have been compelled to produce to a court on the grounds of legal professional privilege does not constitute a waiver of that privilege from production in relation to the document.

(3) The Agency or a subsidiary of the Agency, as the case may be, may disclose information to a participating institution without contravening any duty of confidentiality to which the Agency or subsidiary of the Agency is subject, but only if to do so is necessary for the proper management of relevant bank assets.]