9. Section 14 of the principal enactment is hereby amended as follows:"
| (1) by the repeal of paragraph (a) of that section and the substitution therefor of the following paragraph: "
| | " (a) carrying out inspections of the activities of licensed stock exchanges, stock brokers, stock dealers and unit trusts in order to determine whether they are operating in conformity with the provisions of this Act or any rules or regulations made thereunder, and to charge the costs incurred in carrying out such inspections from the licensed stock exchange, stock broker, stock dealer or managing company of the unit trust whose activities are being inspected; "; and | | |
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| (2) by the substitution in paragraph (b) of that section for the words "licensed stock brokers and stock dealers to ", of the words licensed stock exchanges; stock brokers, stock dealers and the managing companies of licensed unit trust to " ; |
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| (3) by the addition at the end. of that section of the following paragraph : "
| | " (c) require the managing company of a licensed unit trust to file with the Commission, in respect of every year, at least two reports of the activities of that unit trust for that year. Every such report shall contain the prescribed particulars. The first report shall be filed not later than the thirtieth of September of that year and the second report shall be filed not later than the thirty-first of March of the subsequent year." | | |
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Sri Lanka Consolidated Acts