Section 14
Amendment of section 92a
of Capital Markets and Services (Amendment) Act 2015
Amendment ActIn forceProvision 14 of 49
Section 14
Section 92a of the principal Act is amended by inserting after subsection (3) the following subsection:
“(4) It shall be a defence to a prosecution or any proceeding for a contravention of this section by any person if he proves that—
(a)
he had made all enquiries as were reasonable in the circumstances; and
(b)
after making such enquiries, he had reasonable grounds to believe and did believe until the time of the making of the statement or provision of the information that—
(i)
the statement or information was true and not misleading; or
(ii)
there was no material omission.”.
Capital Markets and Services (Amendment)
21