Regulatory Alerts2020-01-01
Directive5
The Securities and Exchange Commission of Sri Lanka issued this directive to grant relief to investors affected by the market downturn caused by the COVID-19 pandemic. It mandates all registered Margin Providers to refrain from charging or recovering interest on client credit extended from March 11, 2020, until June 30, 2020. This temporary measure requires providers to pass on benefits from Central Bank refinancing facilities to clients while acting equitably and subject to regulatory review.
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