Division A securities adviser who:
- (a)
- makes a securities recommendation in
relation to securities to a person who may reasonably be expected to rely on
it; and
- (b)
- in so making the recommendation, contravenes neither of subsections 849(2)
and 851(1);
has qualified privilege in respect of a statement the securities adviser makes
to the person, whether orally or in writing, in the course of, or in
connection with, so making the recommendation.