1. The Central Bank, members of the Board of Directors, members of committees formed by the Board of Directors, whether from within its membership or from outside, members of advisory boards, staff of the Central Bank and its duly authorized representatives, shall all be exempt from civil liability towards third parties, unless bad faith, with intent to harm third parties was established in respect of the following: a. Exercise, or failure to exercise, the functions, powers, authorities and business of the Central Bank, or their own functions, competencies and powers, authorities, and all related practices. b. Instructions, guidelines, declarations, data, statements and opinions given by them in relation to the practice of the Central Bank’s functions, powers, authorities and business, or their own functions, competencies, authorities and business. 2. The Central Bank shall bear all charges, costs, expenses, and attorney fees relating to defense of the Persons referred to in item (1) of this article, in lawsuits pertaining to discharge of their functions at the Central Bank. The Central Bank may have recourse to any of the Persons mentioned in this article if it is proven that they acted in bad faith and intended to harm third parties.
Interpretation and application must be checked against the official text and current version.