# The Credit Rating Agencies (Civil Liability) Regulations 2013, Regulation 6: “Reasonably relied”

Extent: E+W+S+N.I.

(1) In Article 35a, an investor reasonably relies upon a credit rating where—
(a) the investor relies upon a credit rating when making an investment decision, and
(b) that reliance is reasonable.
(2) The test for whether the reliance is reasonable is the same as for whether it is reasonable for a person to rely on a statement for the purposes of determining whether the statement gives rise to a duty of care in negligence.

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Source: https://www.legislation.gov.uk/uksi/2013/1637/regulation/6 (the official version)
Page: https://openlegislation.uk/credit-rating-agencies-civil-liability-regulations-2013/regulation-6
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.