Sri Lanka Consolidated Acts

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Securities Exchange Of Sri Lanka (Amendment) Act (No. 18 of 2003) - Sect 9

Insertion of new section 19A in the principal enactment

9. The following new section is hereby inserted immediately after section 19 and shall have effect as section 19A of the principal enactment ;
19A.
(1) Any person who is carrying on or who intends to carryon business as a market intermediary shall register with the Commission for such purpose.
(2) An application for the purpose of registration under subsection (1) shall be made to the Commission in such form, together with such documents and such fee as may be prescribed by the Commission from time to time in that behalf.
(3) On receipt of an application for registration, the Commission having considered the particulars stated therein and where it appears necessary having given the applicant an opportunity of being heard, shall by written notice inform the applicant whether he is being registered as a market intermediary or not, and where he is registered as a market intermediary, issue him with a certificate of registration valid for a period of one year effective from the date of issue of such certificate. Every person issued with a certificate of registration is referred to in this Act as a "registered market intermediary.".
(4) No person shall be registered as a market intermediary unless he complies with the terms and conditions set out in Part V of the Schedule hereto. '.

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