Securities / Derivatives

Sri Lanka to Complete Phase 2 Digitalisation of CSE in December

15/11/2020

Phase 2 will enable digital payments and smart wallets for CDS account holders, among a host of other features that will be made available electronically.

Securities / Derivatives

Dhaka Bourse Trials Pre-Opening, Post-Closing Sessions

28/10/2020

BSEC Executive Director Mohammad Saifur Rahman told Regulation Asia the pre-opening and post-closing sessions will be effective as early as next month.

Securities / Derivatives

Sri Lanka SEC to Overhaul Capital Market Rules in Stages

13/10/2020

“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.

Capital / Liquidity

Sri Lanka Drafts Resolution Framework for Banks, Finance Companies

12/10/2020

The CBSL will have the ability to replace an institution’s management, operate an agent institution and bail out an institution where necessary.

Fintech / Regtech

Sri Lanka: CBSL to Introduce Fintech Regulatory Framework

05/10/2020

The central bank set up a fintech sandbox in February but no companies have applied to participate so far, officials told Regulation Asia.

Securities / Derivatives

SEBI Guidelines for Investment Advisers Take Effect

29/09/2020

The guidelines, finalised in July, require investment advisors to only offer either advisory or distribution services to a client, but not both.

Securities / Derivatives

SEBI Considers ‘Backstop Facility’ for Debt Mutual Funds

29/09/2020

The backstop facility would have to be able to buy relatively illiquid investment-grade corporate bonds from mutual funds in times of stress.

Securities / Derivatives

Sri Lanka SEC to Procure New Surveillance System

24/09/2020

The SEC is planning to hire a consultant to assess its existing surveillance system and make recommendations on procuring a new system.

AML / KYC

Sri Lanka: CSE Enables Digital ID Verification for Account Opening

22/09/2020

The CSE and Central Depository System can digitally verify national ID card details against information held by the Department for Registration of Persons.