Regulation 14 Investors: general approach to determining damagesI1
United Kingdom
The damages recoverable by an investor in a claim under Article 35a are—
(a)
where the investor enters into a contract with a credit rating agency to provide a credit rating, the damages recoverable by the investor in accordance with that contract; or
(b)
where there is no such contract, the damages that would be recoverable by the investor if the investor had succeeded in a claim against the credit rating agency in the tort of negligence.
Annotations
Commencement
- I1
Reg. 14 in force at 25.7.2013, see reg. 1
Notes on the whole SI
Textual amendments
- F1
Regulations revoked (14.12.2023 for the revocation of reg. 18) by Financial Services and Markets Act 2023 (c. 29), s. 86(3), Sch. 1 Pt. 2 (with s. 1(4)); S.I. 2023/1382, reg. 2(c)(v)