Immunity for complying with restriction orders
9.—(1) No criminal or civil liability is to be incurred by —(a)
a bank; or
(b)
an officer, employee or agent of a bank,
for anything done or omitted to be done with reasonable care and in good faith in complying with any restriction order or in the execution or purported execution of any duty under this Act.
(2) In subsection (1), “officer”, in relation to a bank, means any director, chief executive, manager, secretary or other similar officer of the bank, and includes —(a)
any person purporting to act in any such capacity; and
(b)
for a bank whose affairs are managed by its members — any of those members as if the member were a director of the bank.
Amendment of Schedule
10. The Minister may, by order in the Gazette, amend the Schedule.
Regulations
11.—(1) The Minister may make regulations —(a)
to prescribe anything that is required or permitted to be prescribed by this Act; and
(b)
generally for the purposes of this Act.
(2) Without limiting subsection (1), regulations may provide for —(a)
the person or persons (each called in this subsection an affected person) who must be notified of an issue, cancellation, variation or extension of a restriction order under section 4(1) or 5;
(b)
the person or persons who must notify an affected person;
(c)
the time within which an affected person must be notified;
(d)
the manner in which an affected person may be notified;
(e)
the circumstances in which an affected person is deemed to have received a notification; and
(f)
the procedure for an appeal under section 7.
