Regulatory Alerts2024-01-01
SEC Sri Lanka Directive on Additional Requirements for Collective Investment Schemes
The Securities and Exchange Commission of Sri Lanka issued a directive mandating that Managing Companies launch approved Collective Investment Schemes within six months of approval or face invalidation. The regulator requires these companies to submit standardized monthly returns by the 20th day of the following month, with documents signed by the CEO, Compliance Officer, and Trustee. These measures aim to streamline reporting standards and eliminate delays in the launch of new investment schemes.
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