Regulatory Alerts2024-01-01
SEC Directive on Minimum Financial Requirements applicable to certain categories of Market Intermediaries
The Securities and Exchange Commission of Sri Lanka has revised the minimum financial requirements for specific market intermediaries including investment managers, credit rating agencies, and underwriters. The directive establishes mandatory thresholds for shareholders' funds and liquid capital, such as a 7.5 million LKR minimum for investment managers and a 50 million LKR minimum for underwriters. Entities holding multiple licenses must comply with the highest applicable financial standards, and this directive rescinds the previous SEC directive dated April 26, 2023.
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