Section 129

(1)

In the Order and these Regulations, the following persons are responsible for a prospectus

{a}

the operator;

{b} where the collective investment scheme is a body corporate, each person who is a director of that body corporate at the time when the prospectus is filed;

(c}

where the collective investment scheme is an investment undertaking, each person who is permitted to be named, and is named, in the prospectus as a director, general partner or member of the board of directors or as having agreed to become such a person of that collective investment scheme either immediately or at a future time;

(d}

any person who accepts, and is stated in the prospectus as accepting responsibility for, or for any part of, the prospectus;

{e} any person who is deemed to accept responsibility for any part of the prospectus; and

(fJ any person not falling within paragraphs (a} to {e} who has authorised the contents of, or of any part of, the prospectus.

A person who has accepted responsibility for, or authorised, only part of the contents of any prospectus, is responsible only for that part and only if it is included in, or substantially in, the form and context to which he has agreed.

Nothing in sub-regulation (1) makes a person responsible for any part of a prospectus by reason only of giving advice as to its contents in a professional capacity to a person specified in sub-regulation \l){a} to (fJ.