LLD Sch 5 Rights of action for damages
The table below sets out the rules in LLD contravention of which by an authorised person may be actionable under section 150 of the Act (Actions for damages) by a person who suffers loss as a result of the contravention. |
If a "Yes" appears in the column headed "For private person?", the rule may be actionable by a "private person" under section 150 (or, in certain circumstances, his fiduciary or representative; see article 6(2) and (3)(c) of the Financial Services and Markets Act 2000 (Rights of Action) Regulations 2001 (SI 2001/2256)). A "Yes" in the column headed "Removed" indicates that the FSA has removed the right of action under section 150(2) of the Act. If so, a reference to the rule in which it is removed is also given. |
Right of action under section 150 |
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Chapter/Appendix |
Section/Annex |
Paragraph |
For private Person? |
Removed? |
For other person? |
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3 |
All rules |
No |
Yes |
No |
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4 |
All rules |
No |
Yes |
No |
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5 |
All rules |
No |
Yes |
No |
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7 |
All rules |
No |
Yes |
No |
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8 |
All rules |
No |
Yes |
No1 |
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9 |
Rules requiring the Society to have or maintain adequate financial resources |
No |
No |
- |
No |
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9 |
All other rules |
No |
Yes |
No |
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10 |
Rules requiring the Society to have or maintain adequate financial resources |
No |
No |
- |
No |
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10 |
All other rules |
No |
Yes |
No |
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11 |
Rules requiring the Society to have or maintain adequate financial resources |
No |
No |
- |
No |
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11 |
All other rules |
No |
Yes |
No |
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12 |
Rules requiring the Society to have or maintain adequate financial resources |
No |
No |
- |
No |
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12 |
All other rules |
No |
Yes |
No |
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13 |
Rules requiring the Society to have or maintain adequate financial resources |
No |
No |
- |
No |
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13 |
All other rules |
No |
Yes |
No |
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14 |
Rules requiring the Society to have or maintain adequate financial resources |
No |
No |
- |
No |
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14 |
All other rules |
No |
Yes |
No |
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15 |
Rules requiring the Society to have or maintain adequate financial resources |
No |
No |
- |
No |
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15 |
All other rules |
No |
Yes |
No |
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