“Financial transaction” means a transaction or activity that is conducted or undertaken for profit and arises from the ownership, joint ownership, or part ownership in common of any real or personal property or any commercial or business enterprise of whatever form or nature between:

(1) Lobbyists, their clients, or members of the immediate family of lobbysts or their clients; and (2) any regulated official or a member their staff.

“Financial transaction” does not include any transaction or activity described in this section if it is available to the general public on the same terms, or if it is an offer or sale of securities to any person listed in this chapter that is governed by regulation D, 17 C.F.R. 230.501 to 230.508, adopted under the authority of the “Securities Act of 1933,” 48 Stat. 74, 15 U.S.C.A. and following, or that is governed by a comparable provision under state law.

“Legislation” means ordinances, resolutions, amendments, nominations, and any other matter pending before council.

“Regulated official” means the mayor, the mayor’s assistants and members of the mayoral service, members of council, council assistants, the city manager, assistant city managers, and the director of any department created under the Charter or administrative code of the city.

“Staff” means any city employee who is not a regulated official but is appointed by or reports to a regulated official, who is required to file a financial disclosure statement under Article XXVI of the administrative code, and whose official duties are to formulate policy and who exercises administrative or supervisory authority or authorizes the expenditure of city funds.