(1) The provisions of this Part shall govern responsibility in respect of the contents of a prospectus relating to issuers or securities, as the case may be, in respect of which the State is the Home Member State.
(2) For the purposes of these Regulations, responsibility for the information given in a prospectus attaches, subject to the provisions of that Schedule, in each of the cases specified in Schedule 1 to these Regulations to the persons specified in the relevant case, and references in these Regulations to responsible persons shall be construed accordingly.