Section 19
Central depository and authorized depository agent not liable for loss
of Securities Industry (Central Depositories) Act 1991
A central depository and its authorized depository agent shall not, except in the case of any wilful act, omission, neglect or default on the part of the central depository or its authorized depository agent, be liable for any loss, damage or liability suffered or incurred by any person in respect of a dealing in any security the transfer of which has been refused under section 18.
(2)
Subsection (1) shall not operate to relieve an authorized depository agent from any obligation imposed on it by the rules of a stock exchange in its capacity as a participating organization to effect any buying in, whether directly or otherwise, following a refusal to register a transfer under section 18.