SCHEDULES

C9SCHEDULE 1 The Financial Services Authority

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C9

Sch. 1 extended (17.8.2001) by S.I. 2001/2617, arts. 2(a), 4(3), 8, Sch. 2 para. 2

C7C8Part IV Miscellaneous

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Exemption from liability in damages

C1C2C3C4C519

C61

Neither the Authority nor any person who is, or is acting as, a member, officer or member of staff of the Authority is to be liable in damages for anything done or omitted in the discharge, or purported discharge, of the Authority’s functions.

2

Neither the investigator appointed under paragraph 7 nor a person appointed to conduct an investigation on his behalf under paragraph 8(8) is to be liable in damages for anything done or omitted in the discharge, or purported discharge, of his functions in relation to the investigation of a complaint.

3

Neither sub-paragraph (1) nor sub-paragraph (2) applies—

a

if the act or omission is shown to have been in bad faith; or

b

so as to prevent an award of damages made in respect of an act or omission on the ground that the act or omission was unlawful as a result of section 6(1) of the M1Human Rights Act 1998.