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  • 21. Defence of reasonable inquiries and reasonable belief

    A person does not commit a contravention of Article 20(1), if that person proves that he:

    (a) made all inquiries that were reasonable in the circumstances; and
    (b) after making such inquiries, believed on reasonable grounds that the Prospectus was not misleading or deceptive.

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© 2015 DFSA refers to the Dubai Financial Services Authority, a body established under Dubai law as the independent regulator of financial sevices and related activities for the DIFC.