Sri Lanka stock brokers should maintain Rs100mn equity: SEC

Feb 06, 2017 (LBO) – Sri Lanka’s stock brokers and debt dealers trading on the Colombo Stock Exchange should have minimum shareholder funds of 100 million rupees from next year, the Securities and Exchange Commission said in a statement.

“All stock brokers or dealers trading in equity or debt securities are required to maintain minimum shareholder fund requirement of 100 million rupees or 50 percent of it’s stated capital,” it said.

“The primary dealers regulated by the Central Bank who deal in debt on the exchange are exempt.”

The rules will come into effect from January 01, 2018.