2. Amendment of section 3 of Securities and Exchange Commission of Sri Lanka Act…

Section 3 of the Securities and Exchange Commission of Sri Lanka Act, No. 36 of 1987 (hereinafter referred to as the

“principal enactment”) is hereby amended by the repeal of sub-paragraph (ii) of paragraph (a) of subsection (1) of that section and the substitution therefor of the following:—

“(ii)

six other persons drawn from the private sector possessing professional expertise, wide experience and proven competency in the fields of law, finance, banking or business in order to reflect the multi-disciplinary character of the Commission.”.