s 63 Defence of withdrawal of consent
(1) A person who is named in a prospectus as— (a) a proposed director or director of an issuer or a principal adviser in relation to an issue of, offer for subscription or purchase of, or invitation to subscribe for or purchase, securities; (b) making a statement that is included in the prospectus; or (c) making a statement on the basis of which a statement is included in a prospectus, does not commit an offence under section 55 and is not liable under section 57 if— (aa) in the case of a proposed director or director, having consented to become a proposed director or director of the issuer, he withdrew his consent before the issue of the prospectus, and the prospectus was issued despite such withdrawal; or (bb) in any other case, where the prospectus was issued without his knowledge or consent, he gave reasonable public notice thereof forthwith after he became aware of its issue. (2) A person who is named in a prospectus as— (a) a proposed director or director of an issuer, or a principal adviser in relation to an issue of, offer for subscription or purchase of, or invitation to subscribe for or purchase, securities; (b) making a statement that is included in the prospectus; or (c) making a statement on the basis of which a statement is included in a prospectus, does not commit an offence under section 55 and is not liable under section 57 if it is proved that the statement was not included in, or was not included substantially in, the form and context that the person had consented to.