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7. In section 90 of the 2000 Act(1) (compensation for statements in listing particulars or prospectus) for subsection (12) substitute—
“(12) A person is not to be subject to civil liability solely on the basis of a summary in a prospectus unless the summary, when read with the rest of the prospectus—
(a)is misleading, inaccurate or inconsistent; or
(b)does not provide key information (as defined in section 87A(9) and (10)),
and in this subsection a summary includes any translation of it.”.
Section 90 was inserted by S.I. 2005/1433 and amended by the Companies Act 2006 (c.46), section 1272, Schedule 15, Part 1, paragraphs 1, 4, 5.
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