{
  "url": "https://openlegislation.uk/financial-services-and-markets-act-2000/section-90",
  "json_url": "https://openlegislation.uk/financial-services-and-markets-act-2000/section-90.json",
  "legislation": "ukpga/2000/8",
  "legislation_title": "Financial Services and Markets Act 2000",
  "legislation_url": "https://openlegislation.uk/financial-services-and-markets-act-2000",
  "path": "section/90",
  "kind": "section",
  "number": "90",
  "heading": "Compensation for statements in listing particulars ...",
  "text": "(1) Any person responsible for listing particulars is liable to pay compensation to a person who has—\n(a) acquired securities to which the particulars apply; and\n(b) suffered loss in respect of them as a result of—\n(i) any untrue or misleading statement in the particulars; or\n(ii) the omission from the particulars of any matter required to be included by section 80 or 81.\n(2) Subsection (1) is subject to exemptions provided by Schedule 10.\n(3) If listing particulars are required to include information about the absence of a particular matter, the omission from the particulars of that information is to be treated as a statement in the listing particulars that there is no such matter.\n(4) Any person who fails to comply with section 81 is liable to pay compensation to any person who has—\n(a) acquired securities of the kind in question; and\n(b) suffered loss in respect of them as a result of the failure.\n(5) Subsection (4) is subject to exemptions provided by Schedule 10.\n(6) This section does not affect any liability which may be incurred apart from this section.\n(7) References in this section to the acquisition by a person of securities include references to his contracting to acquire them or any interest in them.\n(8) No person shall, by reason of being a promoter of a company or otherwise, incur any liability for failing to disclose information which he would not be required to disclose in listing particulars in respect of a company’s securities—\n(a) if he were responsible for those particulars; or\n(b) if he is responsible for them, which he is entitled to omit by virtue of section 82.\n(9) The reference in subsection (8) to a person incurring liability includes a reference to any other person being entitled as against that person to be granted any civil remedy or to rescind or repudiate an agreement.\n(10) “Listing particulars”, in subsection (1) and Schedule 10, includes supplementary listing particulars.\n(11) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n(11A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n(12) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "S. 90(11)(11A)(12) omitted (30.1.2024 for specified purposes, 19.1.2026 in so far as not already in force) by virtue of The Public Offers and Admissions to Trading Regulations 2024 (S.I. 2024/105), reg. 2(2)(3), Sch. 3 para. 8(3) (with regs. 48-50); S.I. 2025/1078, reg. 5(b) (with reg. 12)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "S. 90 words in heading substituted (8.11.2006) by Companies Act 2006 (c. 46), ss. 1272, 1300(1)(a), Sch. 15 para. 5"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Words in s. 90 heading heading omitted (30.1.2024 for specified purposes, 19.1.2026 in so far as not already in force) by virtue of The Public Offers and Admissions to Trading Regulations 2024 (S.I. 2024/105), reg. 2(2)(3), Sch. 3 para. 8(2) (with regs. 48-50); S.I. 2025/1078, reg. 5(b) (with reg. 12)"
    },
    {
      "type": "C",
      "label": "C1",
      "text": "S. 90 restricted (1.12.2001) by S.I. 2001/2957, arts. 1, 7(3); S.I. 2001/3538, art. 2(1)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2000/8/section/90",
    "retrieved_at": "2026-10-29T09:21:21.899993+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}