# The Public Offers and Admissions to Trading Regulations 2023, Paragraph 7


A person (D) does not incur any liability under regulation 30(1) or (5) if D satisfies the court that the person suffering the loss acquired the transferable securities in question with knowledge—
(a) that the statement was false or misleading,
(b) of the omitted matter, or
(c) of the circumstances giving rise to the obligation to publish a supplementary prospectus,
as the case may be.

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Source: https://www.legislation.gov.uk/ukdsi/2023/9780348254235/schedule/2/paragraph/7 (the official version)
Page: https://openlegislation.uk/draft-public-offers-and-admissions-to-trading-regulations-2023/schedule-2/paragraph-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.