Schedule 10, paragraph 1(2)

A person does not incur any liability under section 90(1) for loss caused by a statement if he satisfies the court that, at the time when the listing particulars were submitted to the FCA, he reasonably believed (having made such enquiries, if any, as were reasonable) that— and that one or more of the conditions set out in sub-paragraph (3) are satisfied. the statement was true and not misleading, or the matter whose omission caused the loss was properly omitted,

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Source: legislation.gov.uk · retrieved 2026-09-04