Regulatory Alerts2024-01-01
SEC Letter Compliance with Rules Relating to Fitness and Propriety
The Securities and Exchange Commission of Sri Lanka issued this directive to enforce compliance with fitness and propriety requirements for Key Management Persons and other designated individuals at all licensed Market Intermediaries. The regulator has established an internal framework to monitor these requirements and identify disabilities that may lead to disqualification from serving in such roles for up to three years or indefinitely. All Market Intermediaries and applicable persons are strictly required to adhere to the SEC Act, Rules, Regulations, and Circulars at all times.
Share