Skip to content
srilawsby aturio
As enacted
EnglishSinhala සිංහල, official PDF on documents.gov.lkTamil தமிழ், official PDF on documents.gov.lk
Contents

Part VII · General

182. Regulations

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

(1)

The Minister on the recommendation of the

Commission may make regulations in respect of matters required by this Act to be prescribed or in respect of which regulations are authorised to be made.

(2)

Without prejudice to the generality of the provisions contained in subsection (1), the Minister may make regulations in regard to –

(a)

the fees, terms and conditions to be satisfied for the purpose of granting a licence to a market institution;

(b)

giving effect to any memorandum of understanding between the Commission and its foreign counter part or any other organization in respect of listing of a foreign entity in Sri Lanka or sharing of information;

(c)

product or class of products which are not classified as securities.

(3)

Every regulation made by the Minister shall be published in the Gazette and shall come into operation on the date of such publication or on such later date as may be specified in the regulation.

(4)

Every regulation made by the Minister shall, as soon as it is convenient after its publication in the Gazette be brought before Parliament for approval. Any regulation which is not so approved shall be deemed to be rescinded as from the date of such disapproval but without prejudice to anything previously done thereunder.

Read on from s 183