Versions

 

47. Reasonable reliance on information given by another person

(1) A person does not commit a contravention of Articles 38 or 39, if the person proves that he placed reasonable reliance on information given to him by:
(a) if the person is not a natural person, someone other than a member of the governing body, employee or agent of the person; or
(b) if the person is a natural person, someone other than an employee or agent of the individual.
(2) For the purposes of this Part, a person is not the agent of a person or a natural person because he performs a particular professional or advisory function for the person or natural person.