Market Infrastructure

Sri Lanka Launches National Remittance Mobile App

20/02/2022

The new mobile app is expected to lower the cost of inward remittances by foreign workers and reduce the use of black market channels.

Capital / Liquidity

CBSL Says NBFI Consolidation is Strengthening the Sector

07/02/2022

Nine NBFIs have introduced fresh capital, while another 12 entities have received preliminary approvals for consolidation, the CBSL said.

Securities / Derivatives

Sri Lankan Bourse to Revise IPO Allotment Rules

04/02/2022

The new rules are aimed at ensuring greater transparency and fairness for retail investors in the allotment of IPO shares.

Sri Lanka Increasingly Vulnerable Amid Depleting FX Reserves

02/02/2022

Sri Lanka is seeking advice from the IMF and credit from China, India, Pakistan and Australia, while the central bank offers to pay migrant workers for FX inflows.

Market Infrastructure

Sri Lanka Commences Work to Establish CCP for Equities

27/01/2022

SEC chairman Viraj Dayaratne said “steady progress” is being made and the CCP is expected to launch by year end as planned.

Securities / Derivatives

Sri Lanka CSE Revises Calculation Methodology for Key Index

26/01/2022

The ASPI’s new calculation method will produce a more realistic representation of market returns, the Colombo Stock Exchange said.

CBSL Issues Corporate Governance Rules for Finance Companies

12/01/2022

Directors must undergo annual performance assessments and impose measures to limit related party transactions and manage conflicts of interest.

CBSL Orders Banks to Surrender More Foreign Currency

03/01/2022

The CBSL has raised the amount of foreign currency banks have to sell to the central bank from 10 to 25 percent of inward remittances and export proceeds.

Market Infrastructure

Sri Lanka Takes Step Forward on CCP Establishment

03/01/2022

A newly-formed committee will identify the CCP’s operating model and propose the necessary procedures for its establishment, including procurement.