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As enacted
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Part V · Market Misconduct

140. Exceptions in relation to underwriting and sub underwriting

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

(1)

Subsection (2) of section 137 shall not apply in respect of –

(a)

the entering into of an underwriting agreement or a sub underwriting agreement; or

(b)

the acquisition of securities under an obligation to do so in an agreement referred to in paragraph (a).

(2)

Subsection (3) of section 137 shall not apply in respect of the communication of information in relation to securities to a person solely for the purpose of procuring the person–

(a)

to enter into an underwriting agreement or a sub underwriting agreement in relation to such securities; or

(b)

to acquire such securities under an obligation to do so in an agreement referred to in paragraph (a).

Read on from s 141

Part VI

Finance

Read on from Part VI

Part VII

General

Read on from Part VII