Labuan Financial Services and Securities Act 2010 · Updated to 15 Oct 2022 · Part X · Self-Regulatory Organizations
163. Protection for a self-regulatory organization
Feedback & supportA self-regulatory organization, the officer or employee of a self-regulatory organization or a member of a committee of a self-regulatory organization shall not be liable for any loss sustained by or damage caused to any person as a result of anything done or omitted by them in the performance, in good faith, of their functions and duties in connection with the regulatory or supervisory functions of the self-regulatory organization, including those delegated to it by the Authority.
officer
“officer”, in relation to a corporation, includes— (a) a director, secretary or employee of the corporation including the principal officer; (b) a receiver and manager of any part of the undertaking of the corporation appointed under a power contained in any instrument; and (c) a liquidator of the corporation appointed in a voluntary winding-up; but does not include— (A) a receiver who is also not a manager; (B) a receiver and manager appointed by the Court; and (C) a liquidator appointed by the Court or by the creditors;