Print Options
PrintThe Whole
Act
PrintThe Whole
Schedule
PrintThis
Cross Heading
only
Status:
Point in time view as at 09/12/2019.
Changes to legislation:
Financial Services (Banking Reform) Act 2013, Cross Heading: Exemption from liability in damages is up to date with all changes known to be in force on or before 09 November 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
Changes to Legislation
Changes and effects yet to be applied by the editorial team are only applicable when viewing the latest version or prospective version of legislation. They are therefore not accessible when viewing legislation as at a specific point in time. To view the ‘Changes to Legislation’ information for this provision return to the latest version view using the options provided in the ‘What Version’ box above.
Exemption from liability in damagesU.K.
14(1)None of the following is to be liable in damages for anything done or omitted in the discharge, or purported discharge, of the Regulator's functions—U.K.
(a)the Regulator;
(b)any person (“P”) who is, or is acting as, an officer or member of staff of the Regulator;
(c)any person who could be held vicariously liable for things done or omitted by P, but only in so far as the liability relates to P's conduct.
(2)If the Regulator has made arrangements under paragraph 5 for any of its functions to be discharged by an officer or member of staff of the FCA, references in sub-paragraph (1) to a person who is an officer or member of staff of the Regulator include references to the officer or member of staff of the FCA.
(3)Anything done or omitted by a person mentioned in sub-paragraph (1)(b) or (c) while acting, or purporting to act, as a result of an appointment under section 82 or 83 is to be taken for the purposes of sub-paragraph (1) to have been done or omitted in the discharge or (as the case may be) purported discharge of the Regulator's functions.
(4)Sub-paragraph (1) does not apply—
(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 Human Rights Act 1998.
Modifications etc. (not altering text)
Commencement Information
Back to top