CAP003 - This Amendment Proposal seeks to extend the indemnity set out in the CUSC to cover actions taken by Indemnified Persons in good faith.

In the current wording of the CUSC (Paragraphs 8.11.1 and 8.11.3) the scope of indemnity as defined may leave Indemnified Persons open to liability if it is found that they were not acting in the proper exercise of the discretions of their office.  It is therefore possible that Indemnified Persons would feel it necessary to seek legal advice to clarify the scope of their powers before embarking on any of their duties and functions which would hold up Panel business and adversely affect the efficiency of the CUSC Amendment Process.