(1) Without prejudice to the generality of Regulation 19, where a relevant person is an independent analyst, an investment firm, a credit institution, any related company, any other relevant person whose main business is to produce recommendations, or a person working for any of them under a contract of employment or otherwise, the relevant person shall take reasonable care to ensure that -
(a) subject to paragraph (2), all substantially material sources are indicated, including -
(i) a description of the relevant issuer,
(ii) whether or not the recommendation has been disclosed to that issuer, and
(iii) whether or not following such a disclosure the recommendation has been amended before its dissemination,
(b) subject to paragraph (2), any basis of valuation or other methodology used to evaluate a financial instrument or an issuer of a financial instrument, or to set a price target for a financial instrument, is adequately summarised,
(c) subject to paragraph (2), the meaning of