Regulatory Alerts2020-01-01
Directive 4: Moratorium on Interest Charges for Investors Affected by COVID-19
The Securities and Exchange Commission of Sri Lanka issued Directive 4 to grant a moratorium on interest payments for clients of licensed stock brokers and margin providers. This measure requires brokers to refrain from charging or recovering interest on credit extended to clients from March 11, 2020, until June 30, 2020, in response to market downturns caused by the pandemic. The directive serves as a temporary relief aligned with broader fiscal concessions announced by the Cabinet of Ministers and the Central Bank of Sri Lanka.
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