Extension of the UK Statutory Liability Regime for Issuers of Securities

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The Financial Services and Markets Act 2000 (Liability of Issuers) Regulations (the “Regulations”)1 will be coming into force and will extend the statutory liability of issuers in connection with information published on or after 1 October 2010.

The Regulations were adopted following HM Treasury’s public consultations2 and the independent review and ensuing report to the HM Treasury by Professor Paul Davies QC.3

Please see full bulletin below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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