(1) A person commits an offence if that person, in Saint Lucia or elsewhere, creates, or does anything that is intended or knows that it is likely to create, a false or misleading appearance—
(a) of active trading in securities on a licensed securities exchange; or
(b) in the price of securities traded on a licensed securities exchange.
(2) Without limiting the general nature of what constitutes a false or misleading appearance of active trading under subsection (1), a false or misleading appearance of active trading in securities is created for the purpose of this section if a person—
(a) carries out, either directly or indirectly, a sale or purchase of securities that does not involve a change in the beneficial ownership of them, or offers to do so;
(b) offers to sell securities at a price that is substantially the same as the price at which that person has made or proposes to make, or knows that an associate of his or her has made or proposes to make, an offer to buy the same or substantially the same, number of them; or
(c) offers to buy the securities at a price that is substantially the same as the price at which that person has made or proposes to make, or knows that an associate of his or her has made or proposes to make, an offer to sell the same or substantially the same, number of them.