Sri Lanka Consolidated Acts

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Securities Council Act (No. 36 of 1987) - Sect 27

Lending or borrowing of securities without consent of customer prohibited

27. No licensed stock broker or licensed stock dealer shall lend or arrange for the lending of, any securities carried for the account of any customer without the customer's written consent, or borrow, or arrange to borrow, using the securities, carried for the ,account of any customer, as collateral, without the customer's written consent.


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