Section 315 Investments and Securities Act

Section 315 of the Investments and Securities Act 2025 is about Composition of the Tribunal. It is under Part XVII (Establishment, Jurisdiction, Authority and Procedure of The Investments and Securities Tribunal) of the Act. It provides as follows:

The Tribunal shall consist of 12 persons to be appointed as members by the President on the recommendation of the Minister as follows —
(a) a Chairman who shall be a legal practitioner with at least 15 years post call experience in capital market matters;

(b) five full-time members comprising —
(i) four legal practitioners with at least 10 years’ post-call experience in capital market matters, and
(ii) one person who is not a legal practitioner with 10 years’ experience in capital market matters; and

(c) six part-time members, two of whom shall be legal practitioners with at least 10 years’ post-call experience in capital market matters, and four other persons who are knowledgeable in capital market matters.