Section 120, The Banking Act, 2019

(1) The Central Bank, its officers, board members,employees, or agents, shall not be liable for, or in respect of, any loss or damage suffered or incurred by any person arising from a decision taken or action performed in absence of bad faith in the exercise of a function, power or duty in terms of this Act. (2) The Central Bank shall indemnify its officers, Board members, employees, or agents, for any legal costs they incur in defending a legal action under subsection (1). (3) This section shall not be applicable where the action or claim arises out of the negligence or a wrongful act of the Board members, employees or agent of the Central Bank. (4) The Central Bank shall seek reimbursement for any outlays in defending against claims where the court ultimately makes a finding that the Central Bank did not act in bad faith".