Clause 17

The Authority shall not in the absence of malice on its part be liable to any action for defamation at the suit of any person in respect of any statements made in the discharge of any of its functions under this Act whether the statements are made orally or in writing.(2) Subsection (1) shall not restrict or affect any other right or privilege or immunity of the Authority as a defendant in an action for defamation.(3) For the purposes of this section —“functions” includes the function of exercising supervisory powers over financial institutions whether this is by way of inquiry into the conduct of their affairs or otherwise;“affairs” includes trading, dealings and business of financial institutions.”.