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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
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  • 12. Liability

    (1) Subject to Article 12(2), the DFSA may be sued in its own name.
    (2) Neither the DFSA nor any officer, director, DFSA tribunal or committee member, employee, delegate or agent of the DFSA can be held liable for anything done or omitted to be done in the performance or purported performance of the functions or in the exercise or purported exercise of any power of the DFSA or any power or function delegated to the DFSA.
    (3) Article 12(2) does not apply if the act or omission is shown to have been in bad faith.