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srilawsby aturio
As enacted
Contents

Part I · Chapter 1 Preliminary

9. Disqualifications and grounds for removal

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

(1)

A person shall be disqualified from being appointed or nominated or from continuing as a member of the Commission if he -

(a)

is or becomes a member of Parliament, or a member of any Provincial Council or any local authority;

(b)

is or becomes a director, partner or employee of an entity licensed or registered by the Commission;

(c)

is or becomes of unsound mind or incapable of carrying out his duties;

(d)

is or has become an undischarged bankrupt;

(e)

is or has been convicted of an offence which involves moral turpitude;

(f)

has been previously removed from office.

(2)

The Minister may by Order published in the Gazette remove a member of the Commission from continuing as a member if his continuation in the office is detrimental to the interests of the Commission.

Read on from s 10

Part II

Markets and Market Institutions

Read on from Part II

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