Chapter 22:20 Sovereign Wealth Fund of Zimbabwe Act 10/2013 in respect of loss or damage sustained by any person as a result of the bona fide exercise of any function conferred or imposed on the person concerned by or under this Act: Provided that this section shall not be construed as preventing anyone from recovering damages or compensation for loss or damage that was caused by negligence or breach of contract. 27 Compliance with host country laws and Chapter 9:24 (1) The Board shall operate in accordance with the laws of the country in which the Fund has made an investment. (2) The Board is a “financial institution” for the purposes of the Money Laundering and Proceeds of Crime Act [Chapter 9:24] (No. 4 of 2013). 28 Preservation of secrecy (1) Except for the performance of his or her duties or the exercise of his or her functions or when lawfully required to doso by any court under the provisions of any law, no member of the Board or employee or agent of the Board shall disclose to any person any information relating to the affairs of the Board or Fund or any person which he or she has acquired in the performance of his or her duties or the exercise of his or her functions. (2) Any person who contravenes subsection (1), shall be guilty of an offence and liable to a fine not exceeding level eight or to imprisonment for a period not exceeding three years to both such fine and such imprisonment. 29 Use of confidential information for personal gain (1) Subject to subsection (2), if any— (a) member, employee or agent of the Board; or (b) member of a committee of the Board; for personal gain makes use of any information which he or she has acquired in the performance of his or her functions under this Act and which relates to the affairs of the Fund, or of any entity in which the Fund has made any investment, or of any investor in the Fund, he or she shall be guilty of an offence and liable to— (i) a fine not exceeding level twelve or double the amount of his or her gain, whichever is the greater; or (ii) imprisonment for a period not exceeding five years; or to both such fine and such imprisonment. (2) It shall be a defence to a charge under subsection (1) for the person charged to show that the information which he or she used was generally known to members of the public or to a substantial section of the public. 30 Regulations (1) The Minister, after consultation with the Board, may make regulations providing for all matters which by this Act are required or permitted to be prescribed or which, in his or her opinion, are necessary or convenient to be provided for in order to carry out or give effect to this Act. (2) Without derogating from the generality of subsection (1) regulations may provide for— (a) the general terms and conditions of service of the employees of the Board, including the Chief Executive Officer; 14