- The following terms have the meaning set out below when used in Part B of Rule 3600:
A Dealer Member’s employee or Approved Person who is held out to the public as an analyst or whose responsibilities to the Dealer Member include the preparation, for distribution to clients or prospective clients, of any written report, which includes a recommendation with respect to a security.
“equity related security”
A security whose performance is based on the performance of an underlying equity security or a basket of income producing assets, including derivatives, convertible securities and income trust units.
“investment banking” or “investment banking service”
Includes but is not limited to:
- acting as an underwriter in an offering of securities for an issuer,
- acting as a financial adviser in a merger or acquisition, or
- providing venture capital, lines of credit or serving as a placement agent for an issuer.