Regulatory Alerts2014-12-30
Consultation Paper 23: Establishing a Panel of Valuers for Listed Company Financials
The Securities and Exchange Commission of Sri Lanka issued Consultation Paper 23 to solicit stakeholder feedback on creating a specialized panel of valuers. This panel would assess the accuracy of valuations disclosed in the financial statements of listed companies and entities seeking listing. The regulator seeks comments on panel composition, member selection and removal, the role of professional associations, and objective criteria for referrals, with responses due by January 21, 2015.
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