SCHEDULES
SCHEDULE 2Compensation: exemptions
PART 2General exemptions
Correction of statements
4
1
In this paragraph “statement” has the same meaning as in paragraph 2.
2
A person (D) does not incur liability under regulation 30(1) for loss caused by a statement if D satisfies the court—
a
that before the transferable securities in question were acquired, a correction had been published in a manner calculated to bring it to the attention of persons likely to acquire the securities, or
b
that D took all such steps as it was reasonable for D to take to secure such publication and reasonably believed that it had taken place before the securities were acquired.
3
Nothing in this paragraph is to be taken as affecting paragraph 2.