Section 56 of the PERA Act 2024 focuses on the exchange of information between the Authority and other regulatory bodies. This provision is designed to enhance coordination, improve enforcement efficiency, and ensure that all relevant authorities have access to accurate... Read More
Section 56 of the PERA Act 2024 focuses on the exchange of information between the Authority and other regulatory bodies. This provision is designed to enhance coordination, improve enforcement efficiency, and ensure that all relevant authorities have access to accurate and timely data necessary for regulatory oversight.
Information sharing under Section 56 enables regulators to monitor compliance, detect violations, and take appropriate actions based on comprehensive knowledge. It also helps prevent duplication of effort and promotes transparency in operations. The law allows regulated entities and enforcement bodies to provide or request information without compromising confidentiality, ensuring that exchanges remain secure and legally compliant.
By facilitating systematic information exchange, Section 56 strengthens inter-agency cooperation and supports informed decision-making. It is a critical tool for ensuring effective enforcement, coordinated governance, and public accountability under the PERA framework.
In essence, Section 56 of the PERA Act 2024 is primarily about enabling the exchange of information, making regulatory functions more efficient, transparent, and aligned with national policy objectives.
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