Securities Exchange Bill presented to Parliament

6 December 2017 02:01 pm - 3     - {{hitsCtrl.values.hits}}


The government today presented the Securities Exchange Bill to Parliament with the intention of setting up a commission to regulate the issuance of bonds, shares, stocks, funds and units.

The commission, which will be appointed by the subject minister, will include a majority of six members from the private sector.

The deputy secretary to the treasury, deputy governor of the Central Bank, a fellow member of the Institute of Chartered Accountants of Sri Lanka and the Registrar General of Companies will make up the remaining four members of the commission. (Yohan Perera and Ajith Siriwardana)

  Comments - 3

  • Sambo Wednesday, 06 December 2017 03:13 PM

    Closing the stable doors once the horses have vanished.

    pp Wednesday, 06 December 2017 06:57 PM

    at least they are doing it

    voter Thursday, 07 December 2017 10:29 AM

    This is legalizing the robberies that they intend committing. Why should the subject minister appoint the committee? He'll appoint only his henchmen from the private sector. Let the appointments be made completely independent.

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