Section 1270(4)

The issuer is so liable only if a person discharging managerial responsibilities within the issuer in relation to the publication— knew the statement to be untrue or misleading or was reckless as to whether it was untrue or misleading, or knew the omission to be dishonest concealment of a material fact.

← 3 · All articles · 5 →

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