Category: Markets
Relaxation of restrictions imposed on standing facilities
The Central Bank of Sri Lanka introduced restrictions on the usage of the Standing Facilities by the Licensed Commercial Banks (LCBs) under the Open Market Operations (OMOs), with effect from 16 January 2023 Accordingly, access to the Standing Deposit Facility (SDF) was limited to a maximum of five (05) times per calendar month, while access […]
SEC Sri Lanka Introduces a Mechanism to Report Social Media Wrongdoings
With the rapid evolution of communication channels and the increase of social media influence in the financial markets, the Securities and Exchange Commission of Sri Lanka (SEC) recognized the need for proactive measures to identify and address potential social media wrongdoings that may impact investors and market stability. Considering these developments, the SEC has taken […]
‘s economic sovereignty
Sri Lanka, facing internal and external challenges, grapples with the aftermath of its external debt crisis, exacerbating existing economic issues. The Easter attacks, COVID-19 pandemic, global conflicts, and economic mismanagement have pushed Sri Lanka back to seeking IMF assistance. Despite government efforts, widespread poverty persists, exacerbated by low-pay and unemployment. The civil society warnings about […]
CFA Society Sri Lanka commends the new Corporate Governance structure for listed entities
The Securities and Exchange Commission of Sri Lanka (SEC), in September 2023, released the updated Corporate Governance Regulations for entities listed on the Colombo Stock Exchange (CSE). The revisions come after nearly 15 years and apply to companies listed on the Main Board and Diri Savi Board, with a majority of the rules effective from […]
SEC Chairman calls for Positive Mindset and Collaborative Synergies at Industry Stakeholder Meetings
Capital Market regulator, the Securities and Exchange Commission of Sri Lanka (SEC) held meaningful discussions with the Chief Executive Officers (CEOs) of stock broker firms and other Market Intermediaries in separate stakeholder engagements in January 2024. The meetings were aimed at fostering collaborative efforts to fortify the regulatory framework and operational infrastructure of the securities […]
Constituent Change in the S&P Sri Lanka 20 Index
The Colombo Stock Exchange (CSE) announces the following change in S&P Sri Lanka 20 index constituents made by S&P Dow Jones Indices at the 2023 year-end rebalance. The exclusion and inclusion as announced by S&P Dow Jones Indices, effective from 18th Dec 2023 (after the market close of 15th Dec 2023) are presented below. Exclusions […]
Sri Lanka’s exports decreased by 14.6-pct in October 2023
Sri Lanka’s merchandise exports decreased by 14.6 % to US$ 898.0 Million in October 2023 compared to October 2022 as per the provisional data released by the Sri Lanka Customs. Also, it is a 13.13 % decrease when compared to the value recorded in September 2023. The decline in merchandise exports is due to decreased […]
CDS signs Agreement with LankaPay Online Payment Platform
The Central Depository Systems (CDS), a fully owned subsidiary of the Colombo Stock Exchange (CSE), recently signed an agreement with LankaPay, Sri Lanka’s National Payment Network, joining its Online Payment Platformto develop an innovative payment platform to facilitate a seamless and a secure payment experience for investors. The new payment platform promises to transform how […]
CSE creates awareness on Regulated Short Selling (RSS) through Stock Borrowing and Lending (SBL)
The Colombo Stock Exchange (CSE) conducted a series of virtual workshops and intends to continue more workshops on Regulated Short Selling (RSS) through Stock Borrowing and Lending (SBL), creating awareness on the two features to diverse groups of individuals. The virtual workshops are being conducted in Sinhala, English and Tamil with the intention of reaching […]
SEC & CFA Society Sri Lanka Collaborate to Promote “Enhancing Research Integrity” among Stock Broker Firms
The Securities and Exchange Commission of Sri Lanka (SEC) and the CFA Society Sri Lanka (CFASSL) recently joined forces to host a workshop aimed at strengthening research integrity within the stockbroker industry. The event, titled “Enhancing Research Integrity,” took place at the SEC Auditorium and saw participation from prominent professionals in the financial sector. Tushara […]
SEC urges Compliance Officers to play a more effective role
As part of their continuing efforts to strengthen market standards and investor confidence, officials of the Securities and Exchange Commission of Sri Lanka (SEC) and the Colombo Stock Exchange (CSE) recently met with Compliance Officers of all categories of Market Intermediaries. The meeting served as a valuable opportunity to engage in a constructive dialogue on […]
SEC Chairman meets Stockbroker Owners and CEOs
The SEC Chairman, Faizal Salieh, along with top officials from the SEC and the CSE, recently held a productive engagement with the stockbroker community to discuss vital matters concerning the industry. The meeting which brought together owners and Chief Executive Officers of stockbroker firms was aimed at enhancing regulatory compliance, promoting healthy market practices and ensuring industry sustainability. […]