43. Section 55 of the principal enactment as amended by Act. No. 26 of 1991 is hereby further amended as follows :
| (1) by the insertion immediately before the definition of the expression "connected person" or the following new definitions : |
|
| (2) in the definition of the expression "connected person" : |
|
| (a) by the substitution for the words "or managing company of a unit trust," of the words "or the 'licensed managing company' of a unit trust"; |
|
| (b) by the substitution in paragraph (a) thereof for the words "or managing company", and "or managing company;", of the words "or the licensed managing company", and "or the licensed managing company;" respectively; |
|
| (c) by the substitution for paragraph (h) thereof, of the following paragraph : |
|
| "(b) a company, a prescribed per centum or more of whose ordinary capital is owned, directly or indirectly, together by the trust company and the licensed managing company or a prescribed per centum or more of the total votes are exercised directly or indirectly by the trust company and the licensed managing company;"; and |
|
| (d) by the substitution for paragraph (c) thereof of the following paragraph : |
|
| "(c) a director or officer of the trustee, or the licensed managing company of a unit trust or a company referred to in paragraph (h); "; |
|
| (3) by the insertion immediately after the definition of the expression "connected person" of the following new definitions : |
|
| (4) by the repeal of the definition of the expression "listed public company" and the definition of the expression "listed securities" and the substitution of the following definitions therefor ; |
|
| (a) any public corporation which has its securities listed on a licensed stock exchange; and |
|
| (b) any private company which has its securities (other than shares) listed on a licensed stock exchange; |
|
| (5) in the definition of the expression "managing company", by the substitution for the words "in relation to a licensed unit trust means", of the words "in relation to a unit trust means "; |
|
| (6) by the insertion immediately after the definition of the expression "managing company" of the following new definitions ; |
|
| (7) by the insertion immediately after the definition of the expression" stock exchange", of the following new definition :- |
|
| (8) in the definition of the expression "stock dealer", by the substitution for the words, "retailing securities,", of the words "retailing of securities but shall not include an underwriter who is a registered market intermediary;"; |
|
| (9) by the insertion immediately after the definition of the expression "stock dealer" of the following new definition :- |
|
| (10) in the definition of the expression "trustee", by the substitution for the words "in relation to a licensed unit trust, means", of the words "in relation to a unit trust, means", |
|
| (11) by the insertion immediately after the definition of the expression "trustee" of the following new definition :- |
|
|
Sri Lanka Consolidated Acts