Section 14Part 2 — The Financial Reporting AuthorityAmendedNot Yet In Force
Immunity of a person which is a Supervisory Authority
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This section has not been brought into force.
It was enacted by Parliament but awaits a commencement order before it becomes operative law.
Amendment: LG32/S3
Pending changes
Inserted Part 2A regarding immunity of persons appointed as Supervisory Authorities.
Notwithstanding the provisions of any other Law , while carrying out a regulatory function under this Act , a person which is a Supervisor y Authority, and its delegates, managers, officers, employees and agents, shall not be liable in damages for anything done or omitted in the discharge or purported discharge of their respective regulatory functions unless it is shown that the act or omission was in bad faith or constituted wilful misconduct. Part 3 - Confiscation - Confiscation orders