Print Options

(1) It is a defence to a prosecution for failing to comply with section 126 or 127 if he defendant proves that he failure was due to ignorance of a feet or an occurrence he existence of which constitutes the offence and hat he defendant

(a) was not aware of the date of the summons; or

(b) became aware not less than fourteen days before the date of the summons and compelled with the relevant section within fourteen days after becoming aware.

(2) For the purposes of subsection (1), a person shall, in the absence of proof to the contrary, be conclusively presumed to have been aware of a feet or occurrence at the same time when an employee or agent of hat person who has duties or acts in relation to the interest of the employer or principal in the securities concerned, became aware.