Posts By Duruthu E Chandrasekera, Regulation Asia
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1.4KSri Lanka: CBSL to Introduce Fintech Regulatory Framework
Duruthu E Chandrasekera, Regulation Asia October 6, 2020The central bank set up a fintech sandbox in February but no companies have applied to participate so far, officials told Regulation Asia.
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615SEBI Guidelines for Investment Advisers Take Effect
Duruthu E Chandrasekera, Regulation Asia September 30, 2020The guidelines, finalised in July, require investment advisors to only offer either advisory or distribution services to a client, but not both.
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SEBI Considers ‘Backstop Facility’ for Debt Mutual Funds
Duruthu E Chandrasekera, Regulation Asia September 30, 2020The backstop facility would have to be able to buy relatively illiquid investment-grade corporate bonds from mutual funds in times of stress.
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583Sri Lanka SEC to Procure New Surveillance System
Duruthu E Chandrasekera, Regulation Asia September 24, 2020The SEC is planning to hire a consultant to assess its existing surveillance system and make recommendations on procuring a new system.
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1.1KSri Lanka: CSE Enables Digital ID Verification for Account Opening
Duruthu E Chandrasekera, Regulation Asia September 23, 2020The CSE and Central Depository System can digitally verify national ID card details against information held by the Department for Registration of Persons.
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Sri Lanka to Enhance Capital Market Through New SEC Act
Duruthu E Chandrasekera, Regulation Asia September 19, 2020The new SEC Act will allow for recognition of new categories of market intermediaries and introduce new enforcement mechanisms to deal with market misconduct.
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Colombo Stock Exchange Digitalises Core Operations
Duruthu E Chandrasekera, Regulation Asia September 18, 2020Account opening and post-trade functions such as clearing and settlement are now electronically enabled. E-contract notes and e-statements have also been adopted.
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CBSL to Allow Foreign Investors to Hedge Currency Risk with Swaps
Duruthu E Chandrasekera, Regulation Asia September 16, 2020As part of measures to lure foreign investment back into Sri Lanka, the government also plans to channel banks' funds into the stock market.
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1.6KBangladesh Bank Offers Assurances on Cybersecurity at Banks
Duruthu E Chandrasekera, Regulation Asia September 15, 2020Bangladesh banks in facing renewed cyber threats last month, but their regulator, Bangladesh Bank, says the situation is under control.
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924Sri Lanka Eases Shareholder Limits on Commercial Banks
Duruthu E Chandrasekera, Regulation Asia September 14, 2020Multilateral 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%.
