Article 60 - Orders for compensation

(1) Where a person intentionally, recklessly or negligently commits a breach of any requirement, duty, prohibition, responsibility or obligation which is imposed by or under these Regulations or any other Regulations conferring functions on the CRO, the person is liable to compensate any other person for any loss or damage caused to that other person as a result of such conduct, and is otherwise liable to restore the person to the position they were in prior to such conduct.
(2) Where a person suffers loss or damage caused as a result of conduct described in Article 60(1), the QFC Civil and Commercial Court may on application brought by the person, make orders for the recovery of damages or for compensation or for the recovery of property or any other order as the QFC Civil and Commercial Court sees fit, except where such liability is excluded under these Regulations or any other Regulations conferring functions on the CRO.
(3) Nothing in this Article 60 affects the powers that any person or the QFC Civil and Commercial Court may have apart from this Article 60.
Amended by QFCA RM2012-1 (as from 11th April 2012)