Sri Lanka Consolidated Acts

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Securities Council Act (No. 36 of 1987) - Sect 53

Rules made by the Council

53. Without prejudice to the generality of the powers conferred upon it by section 13, the Council shall formulate the following rules as may be required from time to time for the purpose of ensuring orderly and fair trading in securities and protection of investors interest;
(a)listing of securities in a licensed stock exchange;
(b) disclosures by dealers about share transactions, by persons who acquired or disposed of securities and by a licensed stock exchange about security transactions;
(c) Proper maintenance of books, records, accounts and audits by licensed stock dealers and licensed stock brokers and regular reporting by such licensed stock dealers and licensed stock brokers to the council of their affairs.


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