(7) No Exchange Company or clearing house, or any member,
officer or servant of an Exchange Company or clearing house shall be
liable in damages for any act or omission done or omitted in
compliance or in purported compliance with a restriction notice
unless the act or omission is shown by the person claiming the
damages to have been done or omitted in bad faith or through
negligence.
Additional powers- suspension orders relating to Exchange Companies and clearing houses
47. (1) Where the Commission is satisfied that it is in the
interest of the investing public or the public generally, or it is
appropriate to do so for the protection of investors against
financial loss or for the proper regulation of an Exchange Company or
clearing house, the Commission may, after consultation with the
Financial Secretary, make an order ("suspension order") relating to
all or any of the following functions of the Exchange Company or
clearing house
(a)
(b)
the functions of the board of directors or governing body
of the Exchange Company or clearing house;
the functions of a director of a board or a member of a
body referred to in paragraph (a);
(c) the functions of a committee (including a sub-committee)
established by a board or body referred to in paragraph
(a);