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Colombo Port City Economic Commission Act 2021 · இயற்றப்பட்டவாறு · Part XI · Applicability of the Securities and Exchange Commission Act

57. Application of the Securities and Exchange Commission Act within the Area of Authority of the Colombo Port City

அதிகாரப்பூர்வ ஆங்கில மொழிபெயர்ப்பு. சிங்கள உரை மேலோங்கும். அதிகாரப்பூர்வ Sinhala உரையைத் திறக்கவும், documents.gov.lk-இல் அதிகாரப்பூர்வ PDF

(1)

From and after the date of commencement of this Act, unless otherwise stated to the contrary herein, the

Securities and Exchange Commission Act shall, for the purpose of the effective implementation of the provisions of this Act, have effect within the Area of Authority of the

Colombo Port City in the manner and subject to the modifications as are hereinafter set out in subsection (2):

Provided that any regulation made under the Securities and Exchange Commission Act, and which is in force on the date of commencement of this Act shall also be operative within the Area of Authority of the Colombo Port City until regulations are made under this Part of this Act:

Provided further that, any regulation made under the

Securities and Exchange Commission Act and which is as aforesaid applicable within the Area of Authority of the

Colombo Port City shall, upon the making of a corresponding regulation in terms of this Part of this Act, cease to be applicable within the Area of Authority of the Colombo

Port City with effect from the date of coming into force of such regulation under this Act.

(2)

The Commission shall, in the exercise, performance and discharge of its powers, duties and functions to the extent provided in terms of this Part of this Act, where required in terms of the Securities and Exchange Commission

Act, obtain the concurrence of the Securities and Exchange

Commission in respect of the subjects vested in or assigned to, the Securities and Exchange Commission.

(3)

Such concurrence of the Securities and Exchange

Commission sought shall be limited to the implementation within the Area of Authority of the Colombo Port City, and in construing the provisions of the said Securities and

Exchange Commission Act, a reference in so far as required for the purposes of this Part of this Act-

(a)

to the “Securities and Exchange Commission”, were a reference to the “Colombo Port City Economic

Commission” established under this Act; and

(b)

to the “Minister” were a reference to the “President or in the event that the subject of the Colombo Port

City is assigned to a Minister, to such Minister to whom the subject of Colombo Port City has been assigned”.

s 58 முதல் தொடர்ந்து படிக்கவும்

Part XII