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Status: You are viewing the version of the handbook as on 2009-03-31.

ELM 1.6 Actions for damages

ELM 1.6.1R

A contravention of the rules in ELM does not give rise to a right of action by a private person under section 150 of the Act (and each of those rules is specified under section 150(2) of the Act as a provision giving rise to no such right of action) unless ELM 1.6.2 R applies.

ELM 1.6.2R

ELM 1.6.1 R does not apply to the rules in ELM 6 (Redemption, information requirements and purse limits) or ELM 8 (Small e-money issuers).