LLD Sch 5 Rights of action for damages

LLD Sch 5.1G01/12/2004

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.

LLD Sch 5.2G01/12/2004

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.

LLD Sch 5.3G01/12/2004

The column headed "For other person" indicates whether the rule may be actionable by a person other than a private person (or his fiduciary or representative) under article 6(2) and (3) of those Regulations. If so, an indication of the type of person by whom the rule may be actionable is given.

LLD Sch 5.4G31/12/2004

				Right of action under section 150
Chapter/Appendix		Section/Annex	Paragraph	For private Person?	Removed?		For other person?
3	All rules			No	Yes	LLD 3.1.2 R	No
4	All rules			No	Yes	LLD 4.1.2 R	No
5	All rules			No	Yes	LLD 5.1.2 R	No
7	All rules			No	Yes	LLD 7.1.2 R	No
8	All rules			No	Yes	LLD 8.1.2 R	No1
9	Rules requiring the Society to have or maintain adequate financial resources			No	No	-	No
9	All other rules			No	Yes	LLD 9.1.3 R	No
10	Rules requiring the Society to have or maintain adequate financial resources			No	No	-	No
10	All other rules			No	Yes	LLD 10.1.2 R	No
11	Rules requiring the Society to have or maintain adequate financial resources			No	No	-	No
11	All other rules			No	Yes	LLD 11.1.2 R	No
12	Rules requiring the Society to have or maintain adequate financial resources			No	No	-	No
12	All other rules			No	Yes	LLD 12.1.2 R	No
13	Rules requiring the Society to have or maintain adequate financial resources			No	No	-	No
13	All other rules			No	Yes	LLD 13.1.2 R	No
14	Rules requiring the Society to have or maintain adequate financial resources			No	No	-	No
14	All other rules			No	Yes	LLD 14.1.2 R	No
15	Rules requiring the Society to have or maintain adequate financial resources			No	No	-	No
15	All other rules			No	Yes	LLD 15.1.2 R	No

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LLD Sch 5 Rights of action for damages