Sri Lanka Consolidated Acts

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Securities Council Act (No. 36 of 1987) - Sect 38

Compensation Fund

38.
(1) There shall be established a fund called the Compensation Fund, for the purpose of granting compensation to any investor who suffers pecuniary loss resulting from the failure of a licensed stock broker or licensed stock dealer to meet his contractual obligations.
(2) The Compensation Fund shall consist of such sums of moneys as may be voted upon by Parliament for the purpose of the Fund.
(3) Moneys belonging to the Compensation Fund may be invested by the Council in such manner as may be determined by the Council.


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