42. Section 53 of the principal enactment as amended by Act No. 26 of 1991, is hereby further amended, in subsection (1) of that section as follows :-
| (1) by the repeal of paragraph (a) of that subsection and the substitution therefor of the following paragraph : |
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| "(a ) listing and trading of securities in a licensed stock exchange and the subsequent issue of any additional securities by way of rights or bonus or otherwise, by listed public companies: " . |
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| (2) in paragraph (b) of that subsection, by the substitution for the words "by licensed stock brokers and stock dealers about share transactions and transactions relating to units in a licensed unit trust by", of the words "by licensed stock brokers and licensed stock dealers about security transactions and transactions relating to units in a unit trust by" ; |
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| (3) by the repeal of paragraph (c) of that subsection and the substitution therefor of the following paragraph : |
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| "(c) proper maintenance of books, records, accounts and audits by a licensed stock exchange, licensed stock broker, licensed stock dealer.. the licensed managing company of a unit trust or a registered market intermediary and regular reporting by such licensed stock exchange, licensed stock broker, licensed stock dealer, licensed managing company or registered market intermediary to the Commission of their affairs; " ; |
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| (4) in paragraph (d) of that subsection by the substitution for the words "licensed stock broker and stock dealer and the managing company of a licensed unit trust;", of the words "licensed stock broker, licensed stock dealer, the licensed managing company of a unit trust and a registered market intermediary;"; |
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| (5) by the repeal of paragraph (f) of that subsection and the substitution therefor of the following paragraph : |
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| (6) in paragraph (g) of that subsection, by the substitution for the words "to be made", of the words "to be made;"; |
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| (7) by the addition immediately after paragraph (g) of that subsection, of the following new paragraphs : |
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| "(h) the capital requirements, staff qualifications, record keeping and other documentation systems to be followed by licensed stock brokers, licensed stock dealers, licensed managing companies of a unit trust and registered market intermediaries; |
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| (i) the form and contents of advertisements proposed to be issued by a licensed stock exchange. licensed stock broker, licensed stock dealer, licensed managing company of a unit trust, a registered market intermediary. a listed public company or a public company which has applied for listing and information to be contained in such advertisements: |
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| (j) the operation of securities in a margin account by a licensed stock broker, licensed stock dealer or by a registered market intermediary: |
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| (k) the business affairs and activities of registered market intermediaries in relation to listed securities; |
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| (l) disclosure and reporting and the provision of information by listed public companies; |
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| (m) rejection of applications for listing made to a licensed stock exchange and the suspension and cancellation of listing by a licensed stock exchange: and |
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| (n) the regulation of the activities of stock lenders and stock borrowers, ", |
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Sri Lanka Consolidated Acts