These Rules may be cited as the Securities (Advertisements) Rules.
In these Rules, unless the context otherwise requires-
Interpretation
“advertisement” includes every form of advertising, whether in a publication, brochure, handout, or letter
head, or by the display of notices, or by means of circulars or other documents, or by an exhibition of
photographs or cinematograph films or videos, or by way of sound broadcasting or television, or by the
distribution of recordings or in any other manner, but shall not include lealers’ circulars to customers, nor
any communications between licensees or between licensees and issuers of securities;
“image advertisement” means an advertisement that does no more than-
(a) promote public awareness of the licensee;
(b) describe the services the licensee provides or the types of investment the licensee markets;
(c) commend the licensee in general, but not any particular service the licensee provides or types of
investment the licensee markets;