The Securities and Exchange Commission of Sri Lanka (SEC) at its 394th and 395th meetings held on August 4 and August 14, 2017, having deliberated on the adequacy of the current Listing Rules of the Colombo Stock Exchange (CSE) relating to the enforcement procedures applicable to listed public companies decided to adopt a more stringent policy of enforcement, the Colombo Stock Exchange informed its members through a circular.
In this regard, by way of letter dated December 8, 2017, the SEC has approved the amendments to the ATS Rules which facilitate the trading of such BASEL III compliant debt securities.
The SEC has required that investment in BASEL III compliant debt securities in both the primary and secondary markets is limited to ‘qualified investors’ set out in detail in its website.
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