Immunity of the Corporation
6.—(1) Subject to paragraph (2), within the scope of its official activities the Corporation has immunity from suit and legal process.
(2) The immunity of the Corporation under paragraph (1) does not apply in respect of any civil action arising out of, or in connection with, the exercise of its power to raise funds, borrow money, guarantee obligations or buy, sell or underwrite the sale of securities, if the Corporation has in the United Kingdom—
(a)established an office;
(b)appointed an agent for the purpose of accepting service or notice of process; or
(c)issued or guaranteed securities.
(3) The property and assets of the Corporation, wherever located and by whomever held, are immune from suit and legal process, in respect of—
(a)all forms of seizure, attachment or execution before final judgment against the Corporation; and
(b)search, requisition, confiscation, expropriation, or any other form of taking or foreclosure by executive or legislative action.
(4) Nothing in paragraph (2) permits any action against the Corporation by any member of the Corporation or by a person acting on behalf of any member of the Corporation.