Cap. 168 Art. 190Interpretation of provisions as to prospectuses.

(1) Where any document by which any shares in or debentures of a company registered or incorporated outside Malta are offered for sale to the public would, if the company concerned had been a company registered under this Ordinance, have been deemed by virtue of article 89 to be a prospectus, that document shall be deemed to be a prospectus for the purposes of this Part.

(2) An offer of shares or debentures for subscription or sale to any person whose ordinary business is to buy or sell shares or debentures, whether as principal or agent, shall not be deemed an offer to the public for the purposes of this Part.