# Financial Services and Markets Act 2000, Paragraph 5: Liability of issuer for dishonest delay in publishing information


(1) An issuer of securities to which this Schedule applies is liable to pay compensation to a person who—
(a) acquires, continues to hold or disposes of the securities, and
(b) suffers loss in respect of the securities as a result of delay by the issuer in publishing information to which this Schedule applies.
(2) The issuer is liable only if a person discharging managerial responsibilities within the issuer acted dishonestly in delaying the publication of the information.

---
Source: https://www.legislation.gov.uk/ukpga/2000/8/schedule/10A/paragraph/5 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000/schedule-10A/paragraph-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.