Sri Lanka Consolidated Acts

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Securities Council Act (No. 36 of 1987) - Sect 12

Objects of the Council

12. The objects of the Council shall be-
(a) the creation and maintenance of a market in which securities can be issued and traded in an orderly and fair manner;
(b) the protection of the financial interest of investors;
(c) the operation of a Compensation Fund to protect investors from financial loss arising from the failure of a licensed stock broker or licensed stock dealer to meet his contractual obligations; and
(d) the regulation of the securities market and to ensure that professional standards are maintained in such market.


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