# The Risk Transformation Regulations 2017, Regulation 11: Investments to be offered only to qualified investors


(1) A transformer vehicle must not offer to any person who is not a qualified investor an investment issued by the transformer vehicle.
(2) A transformer vehicle must take such steps as are reasonable in the circumstances to prevent an investment issued by the transformer vehicle to a qualified investor from being offered subsequently to a person who is not a qualified investor.
(3) A contravention of paragraph (1) or (2) is actionable, at the suit of a person who suffers loss as a result of the contravention, subject to the defences and other incidents applying to actions for breach of statutory duty.

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Source: https://www.legislation.gov.uk/ukdsi/2017/9780111160596/regulation/11 (the official version)
Page: https://openlegislation.uk/draft-risk-transformation-regulations-2017/regulation-11
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.