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In This Volume

  • 291.1 (1) In this section:
  • “Authority” means the BC Financial Services Authority established under section 2 of the Financial Services Authority Act;
  • “protected individual” means an individual who is any of the following:
  • (a) the superintendent;
  • (b) an individual acting on behalf of or under the direction of the superintendent.
  • (2) Subject to subsection (3), no legal proceeding for damages lies or may be commenced or maintained against a protected individual because of anything done or omitted
  • (a) in the exercise or intended exercise of any power under this Act, or
  • (b) in the performance or intended performance of any duty under this Act.
  • (3) Subsection (2) does not apply to a protected individual in relation to anything done or omitted in bad faith.
  • (4) Subsection (2) does not absolve the Authority from vicarious liability arising out of anything done or omitted by a protected individual for which the Authority would be vicariously liable if this section were not in force.

2021-2-176, effective August 1, 2021 (B.C. Reg. 208/2021).