Schedule 10, paragraph 3(2)

A person does not incur liability under section 90(1) for loss caused by a statement if he satisfies the court— that before the securities in question were acquired, a correction had been published in a manner calculated to bring it to the attention of persons likely to acquire the securities; or that he took all such steps as it was reasonable for him to take to secure such publication and reasonably believed that it had taken place before the securities were acquired.

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