Regulatory Alerts2013-11-07
Directive on Maintenance of Minimum Number of Unit Holders for Unit Trust Funds
The Securities and Exchange Commission of Sri Lanka issued a directive requiring all Unit Trust Managing Companies to maintain a minimum of five unit holders for each fund at all times. Existing funds launched prior to this directive are granted a six-month grace period to achieve compliance with the new threshold. The Commission reserves the right to revisit these restrictions as necessary.
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