investment adviser "investment adviser" means a person who- [Subs. Act A943] (a) carries on a business of advising others concerning securities; [Am. Act A1218 - Prior text read - "(a) carries on a business of advising others concerning securities; or"] (b) as part of a business, issues or promulgates analyses or reports concerning securities; or [Am. Act A1218 - Prior text read - "(b) as part of a business, issues or promulgates analyses or reports concerning securities,"] (ba) carries on a business of analysing the financial circumstances of another person and provides a plan to meet that other person's financial needs and objectives, including any investment plan in securities, whether or not a fee is charged in relation thereto, [Ins. Act A1218] but the expression does not include- (c) a licensed bank as defined under the Banking Act 1973; (d) an Islamic bank as defined under the Islamic Banking Act 1983; (e) a company or society registered under any legislation relating to insurance; (f) a company registered under the Trust Companies Act 1949; (g) an advocate and solicitor or accountant in practice whose carrying on of that business is solely incidental to the practice of his profession; or [Am. Act A1218 - Prior text read - "(g) an advocate and solicitor or accountant in practice whose carrying on of that business is solely incidental to the practice of his profession;"] (h) (deleted); [Deleted by Act A1218 - Prior text read - "(h) a dealer or exempt dealer whose carrying on of that business is solely incidental to the conduct of his business of dealing in securities;"] (i) a person who is the proprietor of a newspaper and holder of a permit issued under the Printing Presses and Publications Act 1984 where- [Am. Act A943] (i) insofar as the newspaper is distributed generally to the public, it is distributed only to subscribers for, and purchasers of, the newspaper for value; (ii) the advice is given or the analyses or reports are issued or promulgated only through that newspaper; (iii) that person receives no commission or other consideration for issuing or promulgating the analyses or reports; and (iv) the advice is given and the analyses and reports are issued or promulgated solely as incidental to the conduct of that person's business as a newspaper proprietor; [Am. Act A1218 - Prior text read - "(iv) the advice is given and the analyses and reports are issued or promulgated solely as incidental to the conduct of that person's business as a newspaper proprietor; or"] (j) (Deleted); [Deleted by Act A1218 - Prior text read - "(j) a licensed fund manager or exempt fund manager whose carrying on of that business is solely incidental to the carrying on of the business of managing a portfolio of securities on behalf of other persons;"] ACT 280 - SECURITIES INDUSTRY ACT 1983 2. Interpretation.
investment adviser "investment adviser" means a person who- (a) carries on a business of advising others concerning securities; [Am. Act A1218] (b) as part of a business, issues or promulgates analyses or reports concerning securities; or [Am. Act A1218] (ba) carries on a business of analysing the financial circumstances of another person and provides a plan to meet that other person's financial needs and objectives, including any investment plan in securities, whether or not a fee is charged in relation thereto, [Ins. Act A1218] but the expression does not include - [Am. Act A943] (c) a licensed bank as defined under the Banking Act 1973[Act 102]; (d) an Islamic bank as defined under the Islamic Banking Act 1983[Act 276]: (e) a company or society registered under any legislation relating to insurance; (f) a company registered under the Trust Companies Act 1949[Act 100]; (g) an advocate and solicitor or accountant in practice whose carrying on of that business is solely incidental to the practice of his profession; or [Am. Act A1218] (h) [Deleted by Act A1218: s.2] (i) a person who is the proprietor of a newspaper and holder of a permit issued under the Printing Presses and Publications Act 1984 [Act 301] where - [Am. Act A943] (i) insofar as the newspaper is distributed generally to the public, it is distributed only to subscribers for, and purchasers of, the newspaper for value; (ii) the advice is given or the analyses or reports are issued or promulgated only through that newspaper; (iii) that person receives no commission or other consideration for issuing or promulgating the analyses or reports; and (iv) the advice is given and the analyses and reports are issued or promulgated solely as incidental to the conduct of that person's business as a newspaper proprietor; [Am. Act A943][Am. Act A1218] (j) [Deleted by Act A1218: s.2] ACT 280 - SECURITIES INDUSTRY ACT 1983 2. Interpretation.
investment adviser "investment adviser" means a person who- (a) carries on a business of advising others concerning securities; [Am. Act A1218] (b) as part of a business, issues or promulgates analyses or reports concerning securities; or [Am. Act A1218] (ba) carries on a business of analysing the financial circumstances of another person and provides a plan to meet that other person's financial needs and objectives, including any investment plan in securities, whether or not a fee is charged in relation thereto, [Ins. Act A1218] but the expression does not include - [Am. Act A943] (c) a licensed bank as defined under the Banking Act 1973[Act 102]; (d) an Islamic bank as defined under the Islamic Banking Act 1983[Act 276]: (e) a company or society registered under any legislation relating to insurance; (f) a company registered under the Trust Companies Act 1949[Act 100]; (g) an advocate and solicitor or accountant in practice whose carrying on of that business is solely incidental to the practice of his profession; or [Am. Act A1218] (h) [Deleted by Act A1218: s.2] (i) a person who is the proprietor of a newspaper and holder of a permit issued under the Printing Presses and Publications Act 1984 [Act 301] where - [Am. Act A943] (i) insofar as the newspaper is distributed generally to the public, it is distributed only to subscribers for, and purchasers of, the newspaper for value; (ii) the advice is given or the analyses or reports are issued or promulgated only through that newspaper; (iii) that person receives no commission or other consideration for issuing or promulgating the analyses or reports; and (iv) the advice is given and the analyses and reports are issued or promulgated solely as incidental to the conduct of that person's business as a newspaper proprietor; [Am. Act A943][Am. Act A1218] (j) [Deleted by Act A1218: s.2] ACT 280 - SECURITIES INDUSTRY ACT 1983 [REPEALED BY CAPITAL MARKET & SERVICES ACT 2007] [ACT 671] 2. Interpretation.