s 56 Persons not to be taken to have authorized or caused issue of prospectus
(1) For the purposes of this Division, neither the Commission nor the Registrar shall be taken to have authorized or caused the issue, or to be involved in the preparation, of a prospectus for any reason including where there has been the performance or purported performance of any function, or the exercise or purported exercise of any power, by the Commission under the securities laws or the Registrar under the Companies Act 1965 respectively. (2) For the purpose of section 55, a person shall not be deemed to have authorized or caused the issue of a prospectus by reason only of his having given a consent as required under subsection 53(1).