S.L. 370.4 Art. 7Civil liability for misstatements in prospectus.

(1) The persons who are responsible for the issue of a prospectus shall be jointly and severally liable for any damage sustained by a person subscribing for units on the faith of that prospectus, by reason of any untrue statement included therein.

(2) An expert who has given the consent required by regulation 6 shall be liable in respect of an untrue statement made by him as an expert.

(3) A person shall be civilly liable for statements made in the summary, including any translation thereof, where such statements are untrue when read together with the other parts of the prospectus.