Related party transactions approved before 1 April under the old rules will require approval from shareholders.
April 7, 2022The BSP says trust companies can use the internal audit function of a parent bank or NBFI, or outsource internal audit activities to an external firm.
April 4, 2022The revisions will require companies to provide additional disclosures in relation to business split-offs and internal transactions with affiliated firms.
March 9, 2022AMC audit committees will have obligations to review findings of suspected fraud, irregularities, internal control failures, and other issues highlighted by whistleblowers.
February 12, 2022The law strengthens the responsibilities, loyalty and diligence obligations of controlling shareholders and management personnel to protect investors.
January 17, 2022High-value debt listed entities must submit reports on their related party transactions to stock exchanges every six months.
January 13, 2022The amendments will enhance disclosures on environmental and social issues, board diversity and independence, and information security policies and risks.
January 5, 2022The new SEC Act passed in September paves the way for new rules and guidelines to raise ESG standards among listed companies in Sri Lanka.
December 28, 2021Proposed amendments will require directors and senior managers of listed companies to disclose their interests in competing businesses.
December 2, 2021Listed companies will have to submit information on related-party transactions to stock exchanges every six months and secure shareholder approval.
November 25, 2021