12. Insertion of new section 21A in the principal enactment

The following new section is hereby inserted immediately after section 21 and shall have effect as section 21A of the principal enactment :—

21A. (1) The Commission shall have the power to suspend or cancel the certificate of registration granted to a market intermediary under section 19A of this Act.

Securities and Exchange Commission of Sri Lanka

The provisions of section 21 of this Act shall, mutatis mutandis, apply to, and in relation to, any suspension or cancellation as the case may be, of a certificate of registration under subsection (1). ” .