PART II SPECIFIED ACTIVITIES
Chapter XIIAdvising on Investments
The activity
Advising on investments53
Advising a person is a specified kind of activity if the advice is—
a
given to the person in his capacity as an investor or potential investor, or in his capacity as agent for an investor or a potential investor; and
b
advice on the merits of his doing any of the following (whether as principal or agent)—
i
buying, selling, subscribing for or underwriting a particular investment which is a security or a contractually based investment, or
ii
exercising any right conferred by such an investment to buy, sell, subscribe for or underwrite such an investment.