53. Exemption from liability for damages.
(1) This section applies to the following persons:
(a) the supervisory authority;
(b) employees and officers of that authority;
(c) the members of any Board of that authority;
(d) the Regulatory Authority;
(e) members and officers of the Regulatory Authority and employees of the Bank.
(1A) A person to whom this section applies is not liable in damages for anything done or omitted to be done in performing functions under this Act unless it is proved that the act was done, or omitted to be done in bad faith.