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srilawsby aturio
As enacted
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Part III · Issue of Securities

84. Purchase, sale or transfer of securities

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

(1)

A person holding securities in a company listed on an exchange shall buy, sell, gift or otherwise deal in such securities in compliance with the trading procedure adopted by such licensed exchange:

Provided however, where no express trading procedure has been adopted by such exchange, the approval of the

Commission shall be obtained.

(2)

A person as referred to in subsection (1) may gift any such securities to a relation otherwise than in compliance with such trading procedure, if he gives prior notice to the

Commission and the licensed exchange, of the particulars relating to the proposed gift.

(3)

In this section “relation” means a parent, spouse, child including step children, brother or sister including step brother or step sister of that person or the spouse of a child of that person.

Read on from s 85

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