If you are a supervisor of a debt security, you have some rights to be indemnified. This means you have some protection if something goes wrong when you are doing your job. These rights must be written down in the trust deed for the debt security. You can only use these rights if you have done your job properly, as set out in sections 112(1) and 113. Any other agreement that tries to give you more rights than this will not be valid.

If someone tries to make an agreement that gives them more protection than the law allows, that agreement will not work. This is to make sure everyone follows the same rules. You can find more information about this in the Financial Markets Supervisors Act 2011, which explains what a supervisor's licensee obligations are.