Skip to content
srilawsby aturio
As enacted
Contents

15. Amendment of section 23 of the principal enactment

Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.

Section 23 of the principal enactment is hereby amended as follows:-

(1)

by the insertion immediately after paragraph (c)

thereof, of the following new paragraph:-

“(ca) any financial matter in the nature of the following:-

(i)

transactions on a regulated exchange;

(ii)

foreign exchange transactions;

(iii)

inter-bank payment systems, inter-bank payment agreements or clearance and settlement systems relating to securities or other financial assets or instruments;

and

(iv)

the transfer of security rights in sale, loan or holding of or agreement to repurchase securities or other financial assets or instruments held with an intermediary;”;

(2)

by the repeal of paragraph (e) thereof and the substitution therefor, of the following:-

“(e) a trust as defined in the Trusts Ordinance

(Chapter 87) excluding a constructive, implied and resulting trust;”.

Read on from s 16