PART IV - ISSUES OF SECURITIES AND TAKE-OVERS AND MERGERS DIVISION 3 - PROSPECTUS
Section 59. Due diligence defence.
A person does not commit an offence under section 55 and is not liable under section 57 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