As enacted

Contents

Securities and Exchange Commission of Sri Lanka Act 2021 · As enacted · Part IV · Trade In Unlisted Securities

124. Review of the performance of a recognised market operator

(1)

The Commission may from time to time review the performance of a recognised market operator under this

Part.

(2)

The Commission may have regard to the following when reviewing the status of the recognised market operator:-

(a)

the systemic risk inherent in a platform;

(b)

the public interest;

(c)

the size and structure of the platform;

(d)

the class of unlisted securities traded on the platform; and

(e)

the nature of the investors and the participants using the platform.

(3)

The Commission shall not exercise its powers under subsection (1) without giving the recognised market operator an opportunity of being heard.

Part V

Market Misconduct

Part VI

Part VII