(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.
(2) Without prejudice to the generality of subsection (1) of this section, the approval or revocation of approval or supervision or regulation of an approved professional body or of an approved representative body (within the meaning of section 27(a) of this Act) or the approval, amendment, revocation or imposition of rules or the consent or refusal to consent to amendments of rules shall not constitute a warranty or other claim as to the solvency or performance of such bodies or of
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