CIPR 3.4.3 Exclusion or restriction of liability

(1) An authorised firm must not seek to exclude or restrict, or rely on any exclusion or restriction of, any duty or liability to a customer that arises under the regulatory system in the QFC.
(2) An authorised firm must not seek to exclude or restrict, or rely on any exclusion or restriction of, any duty or liability to a retail customer that arises under a law applying in the QFC (otherwise than under the regulatory system in the QFC) unless it is reasonable for the firm to do so.
Derived from QFCRA RM/2019-2 (as from 1st January 2020).