ACT, No. 47 OF 2009

47of2009.pdf
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PARLIAMENT OF THE DEMOCRATIC
SOCIALIST REPUBLIC OF
SRI LANKA
SECURITIES AND EXCHANGE COMMISSION
OF SRI LANKA(AMENDMENT)
ACT, No. 47 OF 2009
[Certified on 22nd September, 2009]
Printed on the Order of Government
Published as a Supplement to Part II of the Gazette of the Democratic
Socialist Republic of Sri Lanka of September 25, 2009
PRINTEDAT THE DEPARTMENTOFGOVERNMENT PRINTING, SRILANKA
TO BEPURCHASED AT THEGOVERNMENT PUBLICATIONSBUREAU, COLOMBO 5
Price : Rs. 1.50 Postage : Rs. 5.00

Securities and Exchange Commission of 1
Sri Lanka (Amendment) Act, No. 47 of 2009
[Certified on 22nd September, 2009]
L.D.—O. 23/2008.
ANACT TO AMEND THE SECURITIES AND EXCHANGE COMMISSION OF
SRI LANKAACT, NO. 36 OF 1987
BE it enacted by the Parliament of the Democratic Socialist
Republic of Sri Lanka as follows :—
1. This Act may be cited as the Securities and Exchange Short title.
Commission of Sri Lanka (Amendment) Act, No. 47 of 2009.
2. Section 3 of the Securities and Exchange Commission Amendment of
of Sri Lanka Act, No. 36 of 1987 (hereinafter referred to as the section 3 of
Securities and
“principal enactment”) is hereby amended by the repeal of
Exchange
sub-paragraph (ii) of paragraph (a) of subsection (1) of that Commission of
section and the substitution therefor of the following:— Sri Lanka Act,
No. 36 of 1987.
“(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.”.
3. Section 13 of the principal enactment is hereby Amendment of
amended by the insertion immediately after paragraph (c) section 13 of the
principal
thereof of the following paragraph:—
enactment.
“(cc) to issue general or specific directives to listed public
companies from time to time.”
4. Section 55 of the principal enactment is hereby Amendment of
amended by the substitution for the definition of the section 55 of the
principal
expression “securities” of the following definition:—
enactment.
“securities” means debentures, stocks, shares, funds, bonds,
derivatives including futures and options whatever
the nature of the underlying asset relied on or notes
issued or proposed to be issued, by any government or
2 Securities and Exchange Commission of
Sri Lanka (Amendment) Act, No. 47 of 2009
of any body, whether incorporate or unincorporated,
including any rights, options or interests (whether
described as units or otherwise) therein or in respect
thereof, or any other instruments commonly known as
securities, but does not include bills of exchange or
promissory notes or certificates of deposits issued by a
bank;”.
Sinhala text to 5. In the event of any inconsistency between the Sinhala
prevail in case of and Tamil texts of this Act, the Sinhala text shall prevail.
inconsistency.

Securities and Exchange Commission of 3
Sri Lanka (Amendment) Act, No. 47 of 2009
Annual subscription of English Bills and Acts of the Parliament Rs. 885 (Local), Rs. 1,180
(Foreign), Payable to the SUPERINTENDENT, GOVERNMENT PUBLICATIONS BUREAU, DEPARTMENT OF
GOVERNMENT INFORMATION, NO. 163, KIRULAPONA MAWATHA, POLHENGODA, COLOMBO 05 before 15th
December each year in respect of the year following.
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