Regulatory Alerts2023-01-01
Stakeholder Consultation on Draft Code of Conduct for Corporate Finance Advisors
The Securities and Exchange Commission of Sri Lanka issued a draft Code of Conduct to establish ethical standards and operational requirements for licensed Corporate Finance Advisors. The document mandates strict adherence to principles of honesty, objectivity, and confidentiality while requiring robust internal controls, conflict of interest management, and competence verification. It further outlines specific duties to clients, including thorough due diligence, transparent disclosure, and formalized procedures for handling complaints and personal account dealings.
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