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As enacted
Contents

Part II · Markets and Market Institutions

73. Annual reports

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

(1)

A market institution shall file with the

Commission an annual report, within five months of the date of its balance sheet, which shall include-

(a)

a report on the corporate governance policy of the market institution and any other information required by the Commission;

(b)

audited financial statements prepared in accordance with Sri Lanka’s Accounting Standards and such other requirements as may be specified in the rules;

and

(c)

consolidated financial statements, where the market institution is a holding company or a subsidiary where appropriate.

(2)

The financial statements to be included in an annual report under subsection (1) shall be audited in accordance with Sri Lanka’s Auditing Standards.

(3)

The annual report of a clearing house and a central depository shall also include an audited report on risk management procedures and their application and any other information required by the Commission.

(4)

The information required under subsections (2) and (3) which is required to be included in an annual report shall be in addition to the requirements imposed under the

Companies Act, No.7 of 2007.

Read on from s 74

Part III

Issue of Securities

Read on from Part III

Part IV

Trade In Unlisted Securities

Read on from Part IV

Part V

Market Misconduct

Read on from Part V

Part VI

Finance

Read on from Part VI

Part VII

General

Read on from Part VII