No.12 BANKING Al\1E.t'IDMENT (a) (b) summarise significant action taken by the Reserve Bank and the Registrar under this Act during the year in question; and contain any recommendations the Reserve Bank and the Registrar may wish to make regarding the financial soundness of the financial sector and its further development. (2) The iv1inister shall lay a copy of every report submitted to him or her in terms of subsection ( 1) before the House of Assembly on one of the fourteen days on which the House next sits after he or she received it. (3) The Reserve Bank and the Registrar shall cause a summary of every report submitted to the Minister in terms of subsection (1) to be published electronically, in a form that can be readily understood by members of the public, on the Reserve Bank's website. 78A Exemption from liability of Registrar and other persons No liability shall attach to(a) the Registrar or any person acting with the authority or under the direction of the Registrar; or (b) the Governor or any officer, employee or agent of the Reserve Bank; or (c) any curator or person acting with the authmity or under the direction of a curator; for loss or damage sustained as a result of the bona fide exercise of any function conferred or imposed on the person concerned by or under this Act: Provided that Hils section shall not be construed as preventing anyone from recovering damages or compensation for loss or damage that was caused by negligence or breach of contract.". 38 Amendment of section 81 of Cap. 24:20 Section 81 ("Regulations")(2) of the principal Act is amended(a) (b) in paragraph (d) by the insertion after "Reserve Bank" of "and the Registrar"; by the insertion after paragraph (d) of the following paragraphs"(e) the categorisation of any activity on the partofa banking institution as an undesirable method of conducting business; (f) the qualifications and disqualifications of directors and officers of banking institutions and controlling companies, and the c1iteria by which they are to be assessed as fit and proper persons to be directors or officers, as the case may be; (g) the capital to be maintained by controlling companies; (g1) standards of corporate governance to be observed by banking institutions and controlling companies; (g2) returns and information to be provided to the Registrar and the Reserve Bank by banking institutions and controlling companies; (g3) the business activities, other than those directly connected with the banking institution in respect of which they are registered, that may be carried on by controlling companies; 252 2015