Securities Exchange Of Sri Lanka (Amendment) Act (No. 18 of 2003)

Sri Lanka Consolidated Acts

Replacement of section 22 of the principal enactment

13. Section 22 of the principal enactment as amended by Act No. 26 of 1991 is hereby repealed and the following section is substituted therefor: -

22.

(1) Any person aggrieved by the decision of the Commission

(a) suspending or canceling a licence under section 18A ;

(b) refusing to grant a licence under section 19 or a registration under section 19A;

(d) canceling or suspending a licence or a registration as the case may be, under sections 21 or 21A;

	(2) Until rules are made under Article 136 of the Constitution pertaining to appeals under this section, the rules made under that Article pertaining to applications by way of revision to the Court of Appeal shall apply to every appeal made under subsection (1) of this section.

	(3) The Court of Appeal may, on an appeal made to it under subsection (1), reverse, modify or set-aside the decision made by the Commission or make such order as the interests of justice may require.".