11. Amendment of the section 58 of the principal enactment

Official English translation. The Sinhala text prevails. Open the official Sinhala text, official PDF on documents.gov.lk

Section 58 of the principal enactment is hereby amended as follows :-

(1)

by the substitution for the definition of the expression customer of the following definition-

‘“customer” in relation to a dealer direct participant means any person who purchases or sells or otherwise acquires or disposes of Scripless

Treasury Bonds 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 bond or interest and shall include where the context so permits a legal representative of such customer or of the estate of such customer ;’;

Act, No. 2 of 2004

(2)

by the addition immediately after the definition of the expression ‘interdealer broker’ of the following new definitions-

‘“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 the corresponding sections in the subsequent enactment ;’ ;

‘“securities account” shall have the same meaning as in the Monetary Law Act (Chapter 422).’.

Read on from s 12