2022-02-15
The Securities and Exchange Commission of Sri Lanka issued a directive requiring Central Depository Systems (Private) Limited to mandate the updating of mobile numbers, email addresses, and bank account details for all its account holders. This measure aims to streamline dividend crediting to bank accounts and facilitate the online distribution of dividend warrants via registered email addresses. The directive takes effect on April 1, 2022, and instructs the Colombo Stock Exchange to monitor compliance and report findings to the Commission within six months.
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Office of the Director General
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BY HAND
15th February 2022
Mr, Rajeeva Bandaranaike
Chlef Exer:utive Offi cer,
Colombo lStock Exchange
Level 4, V1/est Block,
World Trade Centre,
Echelon Square,
Colombo 01
REF: SEC/D c I 2022 I 02 I 3s
To: txe /rccouNT HoLDERS oF THE cENTRAL DEposIToRy sysrEMs (pRrvATE) LrMrrED,
THE CENTML DEPOSITORY SYSTEMS (PRTVATE) LrMr'trED; AND
THE COLOMBO STOCK EXCHANGE
DIBECIIYE ISSUED IN TERMS OF SECTIoN 16(c) AND SECIIoN 16(ba) OF THE SECURITIES
AND EXCLIANGE COMMISSION OF SRI LANKA ACT No. 19 Or:2021
BE: MAN.]DATORY UPDATING OF MOBILE NUMBERS, E-MAIL ADDRESSES AND BANK
ACC@NT DETAILS OF THE ACCOUNT HOLDERS OF THE (:ENTML DEPOSITORY SYSTEMS
TPRIVATE) LIMITED
The Securities and Exchange Commission of Sri Lanka (sEc) at its 460u Meeting held on Bth
February 2:022 took into consideration the importance of streamlining the creditirrg of dividends
directly to the bank accounts of shareholders who have provided bank details, and to make the
default mechanism for sendlng dividend warrbnts online via rregistered e-mail addresses in light
of the digitalization of the stock market operations,
The Comnrission approved the mandatory updating of the mobile numbers, e-mail addresses
and bank account details by the Central Depository Systenrs (Private) Limited (cDs) of its
account holders,
Therefore, all CDS account holders are hereby directed to update their respective mobile
numbers, r:-mail addresses and bank account details at the CDS with effect from 01st April
2022,
The CDS is hereby direr:ted to lnform all stock brokers of the contents of this Directive and take
requisite measures to ensure the collation of the information sought above.
The Colombo Stock B:change (CSE) is directed to monitor and review compliance with the
above requirements in six months and report the findings to thre SEC.
Chinthaka Mendls
DIRECTOR GENERAL
Cgpyi Mr. Nalln Fonseka Head of Central Depository Systems (Private) Llmlted
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