6.
| (1) The Central Bank shall maintain securities accounts for each direct participant and-for each customer of a dealer direct participant. A person may have more than one securities account. A securities account may be a designated securities account. |
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| (2) A securities account holder may exercise all the rights that comprise the security credited to his or her securities account, or designated securities account, subject to any applicable adverse claim :
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| (3) All communications and payments relating to a securities account shall be submitted or made to or by the Central Bank exclusively by or to-
| | (a) direct participants, in respect of own securities accounts ; and | | |
| | (b) dealer direct participants, in respect of both own accounts and on securities accounts of their customers in respect of which they are authorized to act. | | |
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| (4) The provisions contained in this section shall be read consistently with the provisions of the Local Treasury Bills Ordinance (Chapter 417) and the Registered Stocks and Securities Ordinance (Chapter 420) respectively. The provisions contained in such Ordinances shall prevail in the event of an inconsistency. |
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Sri Lanka Consolidated Acts