# The Uncertificated Securities Regulations 2001, Paragraph 20


An officer of a participating issuer shall be in default in complying with, or in contravention of paragraph 2, 5, 6, 7, 13 or 15, or section 722(2) of the 1985 Act as applied by paragraph 18, if, and only if, he knowingly and wilfully authorised or permitted the default or contravention.

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Source: https://www.legislation.gov.uk/ukdsi/2001/0110387449/schedule/4/paragraph/20 (the official version)
Page: https://openlegislation.uk/draft-uncertificated-securities-regulations-2001/schedule-4/paragraph-20
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.