Structural Regulation

Sri Lanka SEC Approves New IPO Process, Relaxed Listing Rules

25/01/2021

The SEC has asked the Colombo Stock Exchange to implement a broad programme to educate companies on the simplified processes and encourage them to list.

Credit Risk

CBSL Interest Rate Cap on Housing Loans Need Clarity

10/12/2020

The interest rate cap is intended for housing loans for salaried employees, but CBSL has not indicated if it will apply to refinance loans.

Trading & Investment

Sri Lanka Budget Offers Boost to Capital Markets, Banking Sector

19/11/2020

The government has proposed tax incentives for newly-listed companies and investment in REITs, in addition to proposals to strengthen the banking sector.

Payments & Settlements

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.

Trading & Investment

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.

Structural Regulation

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.

Resolution & Recovery

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.

Cloud & Infrastructure

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.

Trading & Investment

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.