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Financial Services and Markets Act 2000

Financial Services and Markets Act 2000 Sch 10A para 5

Sch 10A para 5 Liability of issuer for dishonest delay in publishing information

(1) An issuer of securities to which this Schedule applies is liable to pay compensation to a person who— (a) acquires, continues to hold or disposes of the securities, and (b) suffers loss in respect of the securities as a result of delay by the issuer in publishing information to which this Schedule applies. (2) The issuer is liable only if a person discharging managerial responsibilities within the issuer acted dishonestly in delaying the publication of the information.

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