s 61 Liability limits for licensed certification authorities
Unless a licensed certification authority waives the application of this section, a licensed certification authority— (a) shall not be liable for any loss caused by reliance on a false or forged digital signature of a subscriber, if, with respect to the false or forged digital signature, the licensed certification authority complied with the requirements of this Act; (b) shall not be liable in excess of the amount specified in the certificate as its recommended reliance limit for either— (i) a loss caused by reliance on a misrepresentation in the certificate of any fact that the licensed certification authority is required to confirm; or (ii) failure to comply with sections 29 and 30 in issuing the certificate; and (c) shall not be liable for— (i) punitive or exemplary damages; or (ii) damages for pain or suffering. *NOTE—The Central Bank of Malaysia is exempted from the requirements of this section for the purpose of implementing the Real-Time Electronic Transfer of Funds and Securities System or also known as “RENTAS”–see P.U. (A) 300/1999.