Financial Services and Markets Bill - continued        House of Lords
SCHEDULE 1, THE FINANCIAL SERVICES AUTHORITY - continued

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  PART IV
  MISCELLANEOUS
 
Exemption from liability in damages
     19. - (1) Neither the Authority nor any person who is, or is acting as, a member, officer or member of staff of the Authority is to be liable in damages for anything done or omitted in the discharge, or purported discharge, of the Authority's functions.
 
      (2) Neither the investigator appointed under paragraph 7 nor a person appointed to conduct an investigation on his behalf under paragraph 8(7) is to be liable in damages for anything done or omitted in the discharge, or purported discharge, of his functions in relation to the investigation of a complaint.
 
      (3) Neither sub-paragraph (1) nor sub-paragraph (2) applies-
 
 
    (a) if the act or omission is shown to have been in bad faith; or
 
    (b) so as to prevent an award of damages made in respect of an act or omission on the ground that the act or omission was unlawful as a result of section 6(1) of the Human Rights Act 1998.
 
Disqualification for membership of House of Commons
     20. In Part III of Schedule 1 to the House of Commons Disqualification Act 1975 (disqualifying offices), insert at the appropriate place-
 
 
    "Member of the governing body of the Financial Services Authority".
 
Disqualification for membership of Northern Ireland Assembly
     21. In Part III of Schedule 1 to the Northern Ireland Assembly Disqualification Act 1975 (disqualifying offices), insert at the appropriate place-
 
 
    "Member of the governing body of the Financial Services Authority".
 
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Prepared 11 February 2000