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Regulation 15 Issuers and investors: duty to mitigate loss and contributory negligenceI1

United Kingdom

(1)

The common law principle that a claimant’s damages may be reduced if the claimant fails to mitigate their loss applies to any damages assessed under regulations 13 and 14.

(2)

The provisions of the Law Reform (Contributory Negligence) Act 1945f1 apply to any damages assessed under regulations 13 and 14.

Annotations

Commencement

I1

Reg. 15 in force at 25.7.2013, see reg. 1

Footnotes

f1

1945 c.28

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)