Regulatory Alerts2014-07-01
Clarification on the Administration of Section 5(4) of the Delisting Rules
The Securities and Exchange Commission of Sri Lanka issued a directive clarifying the administrative procedure for trading suspensions under Section 5(4) of the delisting rules. The directive mandates that such suspensions remain in force if the Commission approves a voluntary delisting application and must be immediately lifted if the application is rejected. This directive became effective on July 1, 2014, and applies to all delisting applications submitted from that date onward.
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