2. Interpretation
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(1) In these Regulations—
“advertisement” includes every form of advertising, whether in a publication, or by the display of notices, signs, labels or showcards by means of circulars or other documents, by an exhibition of pictures or photographic or cinematographic films, by way of sound broadcasting or television, by the distribution of recordings, by computer output, or in any other manner, and “advertising” shall be construed accordingly;
“authorised person” means a person specifically authorised in writing by the Commission in respect of securities business;
“securities advertisement” means any advertisement for or in connection with securities investment or securities business.
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(2) For the purposes of these Regulations an advertisement issued outside Saint Lucia shall be treated as issued in Saint Lucia if—
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(a) it is directed to persons in Saint Lucia; or
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(b) it is made available to persons in Saint Lucia otherwise than in a newspaper, journal, magazine or other periodical publication published and circulating principally outside Saint Lucia or in a sound or television broadcast transmitted principally for reception outside Saint Lucia.