Local Treasury Bills (Amendment) Act 2004 · As enacted
10. Amendment of section 17 of the principal enactment
Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.
Official translationFrom Department of Government Printing, unchanged
Section 17 of the principal enactment is hereby amended as follows :—
by the substitution for the definition of the expression “customer” of the following new definition :—
‘ “customer” in relation to a dealer direct participant means any person who purchases or sells or otherwise acquires or disposes of Scripless
“Transactions in Scripless
Securities.
Compounding of offences.
Treasury Bills or an interest therein through such dealer direct participant or who negotiates with such dealer direct participant for the possible acquisition or disposition of such bill or interest and shall include where the context so permits a legal representative of such customer or of the estate of such customer;’;
by the addition immediately after the definition of the expression “interdealer broker” of the following new definition :—
‘ “Monetary Law Act” means the Monetary Law Act,
(Chapter 422) as amended from time to time and shall include any enactment that replaces such Act in relation to the matters contained therein and where any section is specifically referred to in this
Ordinance the reference shall be taken to include corresponding sections in the subsequent enactment ; ’;
‘ “securities account” shall have the same meaning as in the Monetary Law Act (Chapter 422).’.