A Trading Member and its Trading Representative must maintain confidentiality of a customer's information, unless:—

(1) the prior consent of the customer for the disclosure of the information is obtained;
(2) the disclosure is for the effective execution of the customer's order;
(3) the disclosure is necessary for the operations and risk management of the Trading Member if these functions have been outsourced by the Trading Member; or
(4) the disclosure is required under the law or under the Rules.