Ensure new listing rules are met

SEC chief tells directors of listed companies:

Sanjeevi Jayasuriya

Financial Services Academy, Director Dr. Disa Bandara, CSE Chairman Nihal Fonseka, SEC Director General Channa De Silva and SEC Chairman, Udayasiri Kariyawasam. Picture by Sumanachandra Ariyawansa

In keeping with the need to meet the growing demands and new developments taking place in the capital market, the Colombo Stock Exchange (CSE) changed the listing rules from April 1 this year.

Therefore, it is important that Directors of all listed entities be informed of these new rules to ensure that all listing requirements are met on a continuous basis and good governance and best practices are advocated, said Securities and Exchange Commission of Sri Lanka (SEC) Chairman Udayasiri Kariyawasam.

The Colombo Stock Exchange is currently ranked third in the world and recorded over Rs. 1 billion turnover from September 16-22 for seven consecutive days.

The Financial Services Academy, the Training, Education and Research arm of the Securities and Exchange Commission (SEC) of Sri Lanka organized a seminar titled “Key obligations of listed companies under the new listing rules” in Colombo yesterday to facilitate knowledge sharing, continuous training and development of the Directors of listed companies on these emerging trends and developments in the industry.