SCHEDULES

SCHEDULE 2 Compensation: exemptions

PART 2 General exemptions

False or misleading information known about
7 A person (D) does not incur any liability under regulation 30(1) or (5) if D satisfies the court that the person suffering the loss acquired the transferable securities in question with knowledge—
(a) that the statement was false or misleading,
(b) of the omitted matter, or
(c) of the circumstances giving rise to the obligation to publish a supplementary prospectus,
as the case may be.