PRIV 5.3.2 Responsibility for Expert Statements in Prospectus

(1) For this rule, an expert is a person whose profession or reputation gives authority to statements made by the person.
(2) For rule 5.3.1 (1) (d), an expert is taken to have accepted responsibility for a part of a scheme's prospectus if—
(a) the part is a statement made by, or is based on a statement made by, the expert; and
(b) the expert gave the operator written consent for the statement to be included in the prospectus; and
(c) the prospectus states that the expert authorised the statement; and
(d) the expert does not withdraw the consent, by written notice given to the operator, before the prospectus is filed with the Regulatory Authority.
(3) The operator must keep the following for at least 6 years after the day the prospectus is last made available to a person eligible to invest in the scheme:
(a) the expert's consent;
(b) any written notice given to the operator withdrawing the expert's consent.
Derived from QFCRA RM/2010-06 (as from 1st January 2011)