To promote Sri Lankan capital market to overseas and
retail investors, local companies:
SEC to develop new websites with Cyber Concepts
The Securities and Exchange Commission ( SEC) will promote the Sri
Lankan capital market to overseas investors, local companies and retail
investors soon. The Sri Lankan stock market has been the best performing
market in the world in 2010.
SEC Director General Malik Cader handing over the contract
documents to Cyber Concepts (Pvt) Ltd CEO Engineer Ravi
Rajapathirane. Officials of both organizations look on
Cyber Concepts Pvt Ltd an ISO 9001 : 2008 certified software and web
solutions provider has been awarded the contract to develop and host the
web sites of the SEC of Sri Lanka, the Financial Services Academy (FSA)
and the Capital Market Information Centre (CMIC) and it will help the
booming investment and capital market development of Sri Lanka.
The site will help foreign investors to know the current market
situation of Sri Lanka and invest more in the market. It will help to
add more new investors and improve the interest of current investors.
Cyber Concept Software Architect Engineer Krishnajina Rajapathirane
explaining the concept of the three portals, mainly the information
portal of SEC, FSA and CMIC said the objective of the sites are to
disseminate reliable, accurate and timely capital market information to
shareholders, potential shareholders, academia and the public at large.
He said that the project will be separated into three main areas SEC,
CIMIC and FSA web portals. SEC will mainly focus on investor information
and market information. The Securities and Exchange Commission is hoping
to provide information for foreign and local investors and government
agencies and listed companies. This site will be supporting live share
information, online chat, quick announcements, web casting, News updates
and Interactive events such as stock market games. It will also have an
easy content management system so it will help the SEC to provide timely
and accurate information to their focused groups.
The CIMIC site helps most of the people who are involved with capital
markets and they have the chance to refer latest capital market data
after login to this site. It includes capital market reports, research
information, market news and international capital market information.
FSA is mostly an educational oriented web portal and the site will
help to develop skills among the persons involved in the capital market
operations. The objective of FSA is to become a premier institute in Sri
Lanka to provide professional level education related to the development
of capital market. FSA focuses to offer four core programmes catering to
the needs of different niches in the capital market. These programmes
will be focused on market professionals, listed companies, existing and
potential investors and market institutions. The site will have an
online educational system to provide proper training to focused groups.
It will also have a student management system a tutor management system
and an online payment management system as well.
The SEC Web portals are targeted towards the academia of the national
universities. The websites will be in line with advanced web technology
to create a user-friendly, informative and secure web portal with an
intuitive interface for the SEC, FAS and CMIC websites which should
present information from diverse sources. The site will include the
facility that allows the SEC staff to easily update content after the
The web content will be available in all three languages.