Posts By Duruthu E Chandrasekera, Regulation Asia
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464Sri Lanka Issues Good Practices Guidelines for Stockbrokers
Duruthu E Chandrasekera, Regulation Asia January 27, 2021The guidelines are mandatory and require immediate implementation. Three months' grace is given for a new cap on investment advisor commissions.
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480Sri Lanka SEC Approves New IPO Process, Relaxed Listing Rules
Duruthu E Chandrasekera, Regulation Asia January 25, 2021The SEC has asked the Colombo Stock Exchange to implement a broad programme to educate companies on the simplified processes and encourage them to list.
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456CBSL Interest Rate Cap on Housing Loans Need Clarity
Duruthu E Chandrasekera, Regulation Asia December 11, 2020The interest rate cap is intended for housing loans for salaried employees, but CBSL has not indicated if it will apply to refinance loans.
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704Sri Lanka Budget Offers Boost to Capital Markets, Banking Sector
Duruthu E Chandrasekera, Regulation Asia November 20, 2020The government has proposed tax incentives for newly-listed companies and investment in REITs, in addition to proposals to strengthen the banking sector.
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Sri Lanka to Complete Phase 2 Digitalisation of CSE in December
Duruthu E Chandrasekera, Regulation Asia November 16, 2020Phase 2 will enable digital payments and smart wallets for CDS account holders, among a host of other features that will be made available electronically.
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812Dhaka Bourse Trials Pre-Opening, Post-Closing Sessions
Duruthu E Chandrasekera, Regulation Asia October 29, 2020BSEC Executive Director Mohammad Saifur Rahman told Regulation Asia the pre-opening and post-closing sessions will be effective as early as next month.
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1.2KSri Lanka SEC to Overhaul Capital Market Rules in Stages
Duruthu E Chandrasekera, Regulation Asia October 13, 2020"The market has evolved over the past ten years and technology has also raised the bar. There is a need to be in line with the times,” SEC Chairman Viraj Dayaratne told Regulation Asia.
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863Sri Lanka Drafts Resolution Framework for Banks, Finance Companies
Duruthu E Chandrasekera, Regulation Asia October 13, 2020The CBSL will have the ability to replace an institution's management, operate an agent institution and bail out an institution where necessary.
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Sri 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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741SEBI 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.
