[Part 4 Miscellaneous]
Financial Services and Markets Act 2000 (2000 c 8) | Legislation

[Part 4 Miscellaneous]

[Exemption from liability in damages

25

(1)     None of the following is to be liable in damages for anything done or omitted in the discharge, or purported discharge, of the FCA's functions—

(a)     the FCA;

(b)     any person (“Pâ€) who is, or is acting as, a member, officer or member of staff of the FCA;

(c)     any person who could be held vicariously liable for things done or omitted by P, but only in so far as the liability relates to P's conduct.

[(1A)     In sub-paragraph (1) the reference to the FCA's functions includes its functions under

[(a)]     Part 5 of the Financial Services (Banking Reform) Act 2013 (regulation of payment systems);

[(b)     Part 3 of the Finance Act 2022 (economic crime (anti-money laundering) levy)].]

(2)     Anything done or omitted by a person mentioned in sub-paragraph (1)(a) or (b) while acting, or purporting to act, as a result of an appointment under any of sections 166 to 169 is to be taken for the purposes of sub-paragraph (1) to have been done or omitted in the discharge, or as the case may be purported discharge, of the FCA's functions.

(3)     Sub-paragraph (1) does not apply—

(a)

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