Regulatory Alerts2021-01-01
Directive on Categorization of Collective Investment Schemes (Unit Trusts)
The Securities and Exchange Commission of Sri Lanka issued a directive requiring Managing Companies and Trustees of Collective Investment Schemes to adopt standardized fund categorizations. The regulation defines specific investment objectives and strategies for seven distinct fund types, including Growth, Balanced, Income, Money Market, Gilt, Index, and Sector Specific schemes. This directive became effective on October 1, 2025, with full compliance mandated by April 2, 2026.
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