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srilawsby aturio
As enacted
Contents

Part VI · Finance

158. Compensation Fund

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

(1)

There shall be established a fund called the

“Compensation Fund,” by the Commission for the purpose of granting limited compensation to any investor who suffers pecuniary loss as a result of any licensed stock broker or stock dealer being found by the Commission as being incapable of meeting its contractual obligations.

(2)

The Compensation Fund shall consist of -

(a)

such sums of money as may be voted upon by

Parliament;

(b)

such sums of money as may be credited to the fund under the provisions of this Act; and

(c)

such sums of money as may be credited from the

Cess Fund as approved by the Commission.

(3)

Monies belonging to the Compensation Fund may be invested by the Commission in such manner as may be determined by the Commission.

Read on from s 159

Part VII

General

Read on from Part VII