Securities Services Act, 2004 (Act No. 36 of 2004)Chapter V : General Provisions Applicable to Self-Regulatory Organisations62. Limitation of liability |
No self-regulatory organisation, chief executive officer, other officer, employee or representative of a self-regulatory organisation, or any member of a controlling body or committee of a controlling body of a self-regulatory organisation, is liable for any loss sustained by or damage caused to any person as a result of anything done or omitted by—
| (a) | the self-regulatory organisation, chief executive officer, other officer, employee, representative or member; or |
| (b) | an authorised user or participant, in the bona fide or negligent performance of any function under or in terms of this Act, the listing requirements of an exchange or the rules or directives of a self-regulatory organisation. |