Valid from 01/10/2010
Liability of issuer for dishonest delay in publishing informationU.K.
This section has no associated Explanatory Notes
[F15(1)An issuer of securities to which this Schedule applies is liable to pay compensation to a person who—
(a)acquires, continues to hold or disposes of the securities, and
(b)suffers loss in respect of the securities as a result of delay by the issuer in publishing information to which this Schedule applies.
(2)The issuer is liable only if a person discharging managerial responsibilities within the issuer acted dishonestly in delaying the publication of the information.]
Textual Amendments
F1Sch. 10A inserted (1.10.2010 with effect in accordance with reg. 3(1) of the amending S.I.) by The Financial Services and Markets Act 2000 (Liability of Issuers) Regulations 2010 (S.I. 2010/1192), reg. 2(3), Sch.