The Treasury has published a draft statutory instrument, The Financial Services and Markets Act 2000 (Liability of Issuers) Regulations 2010.

The purpose of these Regulations is to amend the Financial Services and Markets Act 2000 by substituting section 90A and inserting a new Schedule into the Act providing for a new regime for the liability of issuers to pay compensation to third parties who have suffered loss as a result of misstatements, or dishonest omissions in information published by the issuer, or dishonest delay by the issuer in publishing information.

View The Financial Services and Markets Act 2000 (Liability of Issuers) Regulations 2010, 10 March 2010

View Explanatory Memorandum to The Financial Services and Markets Act 2000 (Liability of Issuers) Regulations 2010, 10 March 2010