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  • CSD-6.8 CSD-6.8 Immunity

    • CSD-6.8.1

      No civil liability, whether arising in contract, equity or otherwise, in respect of anything done or omitted to be done in good faith in the discharge or purported discharge of the duties of the licensed clearing house or licensed central depository, or in the performance or purported performance of its functions under its business rules, shall be incurred by:

      (a) A licensed clearing house;
      (b) A licensed central depository; or
      (c) Any person acting on behalf of a licensed clearing house or licensed central depository, including any member of the board of directors of the licensed clearing house or licensed central depository.
      Amended: April 2016

    • CSD-6.8.2

      In respect of anything done or omitted to be done in good faith in the performance and purported performance of that function, no civil liability, whether arising in contract, tort, defamation, equity or otherwise, shall be incurred by:

      (a) Any person performing, by virtue of a delegation under the business rules of a licensed clearing house or licensed central depository, a function of the licensed clearing house or licensed central depository;
      (b) Any person acting on behalf of a person referred to hereinabove including a member of the board of directors of that person.
      Amended: April 2016