698Protection from personal liability for persons exercising

698 Protection from personal liability for persons exercising Regulator’s or Board’s functions under this Law (1) A person who is or was a protected person does not incur civil liability personally for anything done or omitted to be done in good faith— (a) in the exercise of a function of the Regulator or the Board under (b) in the reasonable belief that the act or omission was the exercise of a function of the Regulator or the Board under this Law. (2) Any liability resulting from an act or omission that would, but for the purposes of subsection (1), attach to a protected person attaches instead to the Regulator. protected person means an individual who is any of the following— (a) a member of the Board; (b) a member of a committee of the Board; (c) a member of the staff of the Regulator; (d) an authorised officer;

Provisions relating to persons exercising functions under Law Division 4 (e) a person to whom the Regulator has delegated any of its functions or to whom functions delegated by the Regulator have been subdelegated; (f) a person acting under the direction or authority of a person mentioned in paragraphs (a) to (e), including, for example, a person helping an authorised officer or an assistant mentioned in section 518, 519 or 523; (g) a person— (i) who constitutes a body corporate that exercises functions of the Regulator under this Law; and (ii) who is, or is of a class, prescribed by the national (h) any other person exercising functions of the Regulator under this Law.