121Power of securities exchange to enter into contracts of insurance or indemnity

##### 121 Power of securities exchange to enter into contracts of insurance or indemnity (1) A securities exchange may, in its discretion, enter into a contract with a person carrying on fidelity insurance business whereby the securities exchange will be insured or indemnified to the extent and in the manner provided by the contract against liability in respect of claims under this Part. (2) Such a contract may be entered into in relation to members of the securities exchange generally, or in relation to particular members named in the contract, or in relation to members generally with the exclusion of particular members named in the contract. (3) An action does not lie against a securities exchange or against a member or employee of a securities exchange or committee or against a member of a management sub‑committee for damage alleged to have been suffered by a member of the securities exchange by reason of the publication in good faith of a statement that a contract entered into under this section does or does not apply with respect to him.