Indemnity

Both the Minister and the Supervisor shall not, nor shall any member, officer or person acting pursuant to any authority conferred by the Minister or the Supervisor, as the case may be, be liable to any action, suit or proceeding for, or in respect of, any act or matter done or omitted to be done in good faith in the exercise, or purported exercise, of the functions conferred by or under this Act or any regulations made thereunder. 41