(1) No action lies against the * Compliance Committee for or in respect of any loss or damage caused by the Compliance Committee doing something that is within the Compliance Committee's functions.
(2) Subsection ( 1) does not cover loss or damage that is wilfully or negligently caused by the Compliance Committee.
(3) In this section, a reference to the Compliance Committee includes a reference to a member of the Compliance Committee acting as such a member.