# The Uncertificated Securities Regulations 1995, Regulation 38: Liability of officers for contraventions


In regulation 16(7), 19(4), 23(9), 26(4) or 27(8) an officer of a participating issuer shall be in default in complying with, or in contravention of, the provision mentioned in that regulation 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/uksi/1995/3272/regulation/38 (the official version)
Page: https://openlegislation.uk/uncertificated-securities-regulations-1995/regulation-38
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.