By Viraj Dayaratne PCChairman Securities and Exchange Commission of Sri LankaThe new Securities and Exchange Commission Act No. It repeals and replaces the Securities and Exchange Commission Act No. It enables robust regulation whilst facilitating market development and will cater to both the present as well as future needs of Sri Lanka’s securities market. Part III titled ‘Issue of Securities’ deals with Public Offer of Securities, Market Intermediaries and the Protection of Clients’ Assets. In contrast to the previous Act, the Act has incorporated these specific requirements in relation to market intermediaries in the body itself.

Source: The Nation October 04, 2021 00:11 UTC