SEC Letter Compliance with Rules Relating to Fitness and Propriety

SEC SECURITIES AND EXCHANGE COMMISSION OF SRI LANKA Office of the Director General ශ්‍රී ලංකා සුරැකුම්පත් හා විනිමය කොමිෂන් සභාව இலங்கை பிணையங்கள் மற்றும் பரிவர்த்தனை ஆணைக்குழு

May 09th 2024

Ref: SEC/DG/2024/05/121

TO : CEOs, DIRECTORS, KEY MANAGEMENT PERSONS, REGISTERED/ OTHER¹ PERSONS OF ALL MARKET INTERMEDIARIES (MIs)

COMPLIANCE WITH RULES RELATING TO FITNESS AND PROPRIETY

In terms of The SEC Act No 19 of 2021 and Rules applicable to Market Intermediaries, the Securities and Exchange Commission of Sri Lanka (SEC) has established an approved internal framework for:

a) Monitoring Fitness and Propriety requirements of Key Management Persons (KMPs), including Directors, Registered/ Other¹ Persons of all Market Intermediaries (MIs) Licensed by the SEC and, recognizing corresponding disabilities where/ when infirmities are identified;

b) Such disabilities may attract disqualifications to be appointed, elected or nominated or to continue to serve in the capacity of a KMP, Registered/ Other¹ person for

• an indefinite period or
• up to 3 years where specified in the Rules.

The SEC requires all MIs and applicable persons to duly adhere to The SEC Act, Rules, Regulations, Directives and/or Circulars made thereunder, at all times.

Chinthaka Mendis DIRECTOR GENERAL -/dm/sp/hm

copy : Colombo Stock Exchange (CSE)

¹"Other Persons" include; Employees as specified under Schedule II section 3,6,7 and 8 of Rules applicable to all Mis, issued under the SEC Act

28 සහ 29 මාල, ගොඩනැගිල්ල, 28 மற்றும் 29 ஆம் மாடி, உலக வர்த்தக மையம் Level 28 & 29, East Tower ලෝක වෙළඳ මධ්‍යස්ථානය கிழக்கு கோபுரம், எச்லான் சதுக்கம் World Trade Center එච්ලන් චතුරශ්‍රය, කොළඹ 01. கொழும்பு 01. Echelon Square, Colombo 01, Sri Lanka.

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