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15. Amendment of section 28 of the principal enactment

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

Section 28 of the principal enactment as amended by Act No. 26 of 1991 is hereby further amended as follows :—

(1)

in subsection (1) of that section—

(a)

by the substitution for the words“shares”or

“share” wherever those words appear in that subsection, of the words “securities” or

“security” respectively ;

Securities and Exchange Commission of Sri Lanka

(b)

by the repeal of paragraph (b) of that subsection ; and

(2)

in subsection (2) of that section, by the substitution for the words “stock broker or stock dealer shall ”, of the words “licensed stock broker, licensed stock dealer, the licensed managing company of a unit trust or a registered market intermediary shall”.

Read on from s 16