Regulatory Alerts2022-01-01
SEC Sri Lanka Orders Temporary Closure of Colombo Stock Market
The Securities and Exchange Commission of Sri Lanka ordered the temporary closure of the Colombo Stock Market for five business days starting April 18, 2022. This directive, issued under Section 30 of the Securities and Exchange Commission Act No. 19 of 2021, was requested by the CSE Board and other stakeholders due to the prevailing national situation. The regulator determined that halting trading would best serve investor interests by allowing time to gain clarity on economic conditions before making informed investment decisions.
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