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PART 5The Authority

Authority’s exemption from liability in damages

41.  The functions of the Authority under these Regulations are to be treated for the purposes of paragraph 25(1) (exemption from liability in damages) of Part 4 of Schedule 1ZA to the Act as functions conferred on the Authority under that Act.

(1)

Paragraph 25 of Part 4 of Schedule 1ZA was amended by section 109(1) of the Financial Services (Banking Reform) Act 2013.