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SEC sets up CMC in Jaffna

"The Securities and Exchange Commission of Sri Lanka (SEC) set up a Capital Market Centre (CMC) in the Jaffna University to educate investors in Jaffna.


Channa de Silva

The majority of the Jaffna investors had little knowledge about the capital market activities as this segment of the society had to experience the three decade war. Therefore, the SEC set up a Capital Market Centre (CMC) in the Jaffna University to educate investors who are interested. We started the relationship with the Jaffna University 10 months ago," SEC Director General Channa de Silva said.

The Director General said SEC equipped the CMC in the Jaffna University with computers and online internet facilities, which will help to reach the SEC data base to provide a better system of information to the interested people. "We have also signed an agreement with the University of Jaffna to offer a gold medal to the student who excels in financial market subjects", he said.

"SEC has a close relationship with the Jaffna University and the Yalpanam Chamber of Commerce. The most recent investor forum, which was organized by the Yalpanam Chamber of Commerce, was a success. Over 100 investors attended the forum. We are virtually educating the bottom level investors. This is just the beginning of the CSE Jaffna branch and the keenness investors and their confidence over the capital market activities are remarkable, de Silva said.

If the SEC, the Jaffna University and the Yalpanam Chamber of Commerce deploy a serious education programs it will benefit the country's economy in a significant manner and the CSE Jaffna branch will be a model to the other countries that were affected by the war and is beginning to build their economy strongly, he said.

"According to my point of view, I see the CSE Jaffna branch is very special, as it is close to India, which is one of the fastest emerging economies in Asia. Sri Lanka has a close relationship with India and its people. There are many opportunities and the potential to grow is enormous", the Director General said.

"We need to further strengthen the relationship between the SEC, the Jaffna University and the Yalpanam Chamber of Commerce. The CSE Jaffna branch will gradually nurture the country's economy", de Silva said.

 

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