Regulatory Alerts2024-01-01
SEC Directive 30 12 2024
The Securities and Exchange Commission of Sri Lanka issued a directive to the Colombo Stock Exchange to grant a two-month extension to the effective date of specific listing rules. This extension applies to Rule 9.1.4(1) and Rule 9.8.3(ix), which restrict the independence of directors aged 70 or above on the Main Market Segment. The new effective date is moved from 1st January 2025 to accommodate requests from public listed company directors and the exchange.
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