These Rules may be cited as the Securities (Conduct of Business) Rules.
2. In these Rules, unless the context otherwise requires- Interpretation
“advertisement” includes every form of advertising, whether in a publication, brochure or handout, or by the display of notices or by means of circulars or other documents, or by an exhibition of pictures or photographic or cinematographic films or videos, or by way of sound broadcasting or television or by the distribution of recordings or in any other manner;
“customer” means a person for whom a licensee acts as an agent and to whom the licensee owes a duty of care, and includes a potential customer;
“licensee” means a person licensed under Part IV of the Act;
“own account transaction” means a transaction effected or arranged by the licensee in the course of carrying on his securities business and which was done on his own account;
“regulatory system” means the arrangements for regulating a licensee under the Act and subsidiary legislation made thereunder or directions given by the Commission.