3. The following new sections are hereby inserted Insertion of immediately after section 112 of the Principal enactment new section and shall have effect as sections 112A and 112B of the principal enactment :-
| 112A. The Central Bank shall provide facilities-
| | (a) for non-commercial bank primary dealers to maintain accounts at the Central Bank for the purpose of settling securities transactions; | | |
| | (b) for direct participants including any direct participants which are not commercial banks, to maintain accounts at the Central Bank for the purpose of holding scripless securities, clearing and settling transactions in scripless securities among direct participants. | | |
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| 112B. The Central Bank may for the purpose of performing duties imposed on it by subsection (1) of section 98 or section 112A, authorize any body corporate to provide all or any of the facilities referred to in those sections.'. |
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Sri Lanka Consolidated Acts