published recommendation

5any publication by or on behalf of a firm (including publication by sound broadcasting or television or other electronic means) which contains:

1. (a) the results of research into investments; or
1. (b) analysis of factors likely to influence the future performance of investments; or
1. (c) advice or recommendations based on those results or analysis, including any communication of which the content is common to a number of communications although worded as if it were a personal recommendation.