25. Confidentiality

  1. Both Vault and you will at all times keep confidential information acquired in consequence of this Agreement, except for information which they are bound to disclose under compulsion of law, or by request of regulatory agencies or to their professional advisers.

  2. Vault is not obliged either to disclose to you, or, in taking any action in connection with the arrangement of the Account, to take into consideration information: (i) where the disclosure of it to you would be a breach of duty or confidence to any other relevant person; or (ii) which comes to the notice of an employee, officer or agent of Vault but does not come to the actual notice of the individual managing the Account or taking the relevant action.

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