33, Section 53 of the principal enactment is hereby amended as follows :-
| (1) by the renumbering of that section (1) of that section ; |
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| (2) in the renumbered subsection (1) of that section"
| | (a) by the substitution in paragraph (b) of that subsection for the words " by dealers about share transactions by ", of the words " by licensed stock brokers and stock dealers about share transactions and transactions relating to units in a licensed unit trust by"; | | |
| | (b) by the repeal of paragraph (c) of that subsection and the substitution therefor of the following paragraph :
| | | " (c) proper maintenance of books, records, accounts and audits by a licensed stock exchange, licensed stock broker or dealer or the managing company of a licensed unit trust and regular reporting by such licensed stock exchange, licensed stock broker or dealer or managing company to the Commission of their affairs ; |
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| | " (c);by the insertion immediately after paragraph (c) of that subsection of the following new paragraphs :-
| | | (d) the annual audit of the books, records, accounts and the preparation of financial statements by a licensed stock exchange, licensed stock broker and stock dealer and the managing company of a licensed unit trust; |
| (e) regulation of take overs or mergers where such take-over or merger is between one or more listed companies or where at least one of the parties involved in such take-over or merger is a listed company ; |
| (f) a code of conduct to be observed by the trustee and managing company of a licensed unit trust; |
| (g) matters in respect of which rules are required by this Act to be made. "; |
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| (3) by the addition immediately after renumbered subsection (1), of the following new subsection: "
| | "(2) Every rule made under subsection (1) shall be published in the Gazette and shall come into operation on the date of such publication or on such later date as may be specified therein."- | | |
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Sri Lanka Consolidated Acts