NOTICE

ISSUED IN RELATION TO SECTION 19A OF
THE SECURITIES AND EXCHANGE COMMISSION OF SRI LANKA
ACT, NO. 36 OF 1987 AS AMENDED BY ACT, NO. 26 OF 1991
AND ACT, NO. 18 OF 2003

Notice is hereby given to all persons who are carrying on or who intend to carry on the business of an underwriter, a margin provider, a credit rating agency, an investment manager or a clearing house, to register themselves in terms of section 19A of the Securities and Exchange Commission (SEC) of Sri Lanka Act, No. 36 of 1987 as amended by Act, No. 26 of 1991 and Act, No. 18 of 2003, unless such person has already registered themselves with the SEC.

An Underwriter is a body corporate, which in connection with a public issue of securities of a listed public company or a company which has applied for a listing guarantees to purchase unsubscribed securities of such company for a fee or commission, or which negotiates with such company to purchase such securities in the event of the offer being not fully subscribed and includes any person who purchases such issue from the company specifically with a view to offering such securities to the public.

A Margin Provider is a body corporate, which provides credit to investors to purchase securities of a listed public company as a business.

A Credit Rating Agency is a body corporate engaging in the business of assessing and evaluating the credit-worthiness of any issue of listed securities or securities to be listed, with particular regard to the issuers’ ability to perform obligations imposed on the issuer thereon.

An Investment Manager is a person (whether such person is a body corporate or an individual) engaging in the business of managing a portfolio of listed securities on behalf of an investor or advises any person on the merits of investing, purchasing or selling listed securities, for a fee or commission. However a licensed managing company of a Unit Trust shall not be an investment manager for the purposes of the SEC Act.

A Clearing House is a body corporate performing the functions of a clearing house which shall be responsible for handling all securities deposited with it and which permits or facilitates the settlement of securities transactions of a licensed stock exchange.

Any person applying to be registered as an underwriter, a margin provider, a credit rating agency, an investment manager or a clearing house should comply with the terms and conditions set out in Part V of the Schedule to the SEC Act, which can be viewed at: www.sec.gov.lk

The Director General
Securities and Exchange Commission of Sri Lanka
Level 11, East Tower, World Trade Centre, Echelon Square, Colombo 1
Tel: 2439144-8 & 2331013-6 Fax: 2439149, 2346940E-mail : mail@sec.gov.lk
Website: www.sec.gov.lk