SEC
to continue measures to maintain fair, efficient market
"The main objective of the Securities and Exchange Commission of Sri
Lanka (SEC) is the creation and maintenance of a market in which
securities can be issued and traded in an orderly and fair manner. To
ensure the creation and maintenance of a fair, efficient and orderly
market the SEC undertakes continuance surveillance of market
transactions , conducts investigations into any suspicious transactions
and institutes enforcement action against offenders who have not
complied with the SEC Act. The SEC will continue to implement these
measures under the newly appointed Chairman and he has not been
pressurized in any way by investors or any other stakeholders of the
Capital Market in this regard.
"We wish to also state that any domestic and foreign individuals,
companies or funds can invest in the stock market by opening an account
in the Central Depository System (CDS) in line with CDS rules and
regulations. It is applicable to both government and private sector
investors. The investment decision is made by the respective
individuals, companies or funds and the SEC does not get involved in
their decision making process. The SEC can take action in instances
where the SEC Act has been violated". |