The guidelines, finalised in July, require investment advisors to only offer either advisory or distribution services to a client, but not both.
The backstop facility would have to be able to buy relatively illiquid investment-grade corporate bonds from mutual funds in times of stress.
The SEC is planning to hire a consultant to assess its eThe SEC is planning to hire a consultant to assess its existing surveillance system and make recommendations on procuring a new system.xisting surveillance system and make recommendations on procuring...
The CSE and Central Depository System can digitally verify national ID card details against information held by the Department for Registration of Persons.
The new SEC Act will allow for recognition of new categories of market intermediaries and introduce new enforcement mechanisms to deal with market misconduct.
Account opening and post-trade functions such as clearing and settlement are now electronically enabled. E-contract notes and e-statements have also been adopted.
As part of measures to lure foreign investment back into Sri Lanka, the government also plans to channel banks' funds into the stock market.
Bangladesh banks in facing renewed cyber threats last month, but their regulator, Bangladesh Bank, says the situation is under control.
Multilateral agencies such as the World Bank and IFC can hold up to 20% of a commercial bank. Other firms or institutions can hold up to 15%.
Besides tax incentives, CSE Chairman Dumith Fernando told Regulation Asia the exchange has initiated a five-pronged strategy to bolster the capital market.