Section 145: Control of advertisements

145. Control of advertisements (1) The Commission may make rules in respect of the publication, form and content of securities advertisements. (2) Rules made under subsection (1) may— (a) prohibit the publication of advertisements of any description, whether by reference to their contents, to the persons by whom they are published or otherwise; (b) make provision as to the matters which should or should not be included in such advertisements; (c) provide for any exemptions from any requirement imposed by any FSC Rules; (d) provide for offences and penalties for the breach of any requirement under the FSC Rules. (3) Where, it appears to the Commission that a securities advertisement— (a) does not comply with any requirement imposed in the FSC Rules; or (b) is false or misleading, the Commission shall issue such directions to the persons who have published or caused to be published the securities advertisement as it deems appropriate in the circumstances. (4) A direction under subsection (1) may— (a) require a person to modify, in whole or in part, the advertisement; (b) require the publication of securities advertisement to cease. (5) Nothing in this section shall prejudice any remedy that an aggrieved person may have against a person who published or caused to be published an advertisement contrary to the requirements in the FSC Rules or which is false or misleading.