The Financial Services and Markets Act 2000 (Liability of Issuers) Regulations 2010 No. 1192

Amendments to the Financial Services and Markets Act 2000

2.—(1) The Financial Services and Markets Act 2000 is amended as follows.

(2) For section 90A (compensation for statements in certain publications) substitute—

“Liability of issuers in connection with published information

90A.   Schedule 10A makes provision about the liability of issuers of securities to pay compensation to persons who have suffered loss as a result of—

(a) a misleading statement or dishonest omission in certain published information relating to the securities, or

(b) a dishonest delay in publishing such information.”.

(3) After Schedule 10 insert the Schedule 10A contained in the Schedule to these Regulations.