Securities Exchange Bill presented to Parliament

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)