(1) In GEN Rule 2.2.2,
Arranging Credit and Advising on Credit means:
(a) making arrangements for another
Person, whether as principal or agent, to borrow money by way of a Credit Facility; or
(b) giving advice to a
Person in his capacity as a borrower or potential borrower or as agent for a borrower or potential borrower on the merits of his entering into a particular Credit Facility.
(2) Advice in (1)(b) includes a statement, opinion or report:
(a) where the intention is to influence a
Person, in making a decision, to enter into a particular Credit Facility; or
(b) which could reasonably be regarded as being intended to have such an influence.