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53. 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.