Explanatory Notes

Financial Services and Markets Act 2000

2000 CHAPTER 8

14 June 2000

Commentary on Sections

Schedule 1: the Financial Services Authority

Part IV: Miscellaneous

Paragraph 19: Exemption from liability in damages

775.This paragraph provides immunity for the Authority and its staff from actions for damages except where they act in bad faith or where damages are sought under the Human Rights Act 1998.  Similar immunity is granted to the independent investigator appointed under paragraph 7.