Regulatory Alerts2013-08-08
Securities and Exchange Commission of Sri Lanka Consultation Paper 18: Policy Decisions to Develop the Corporate Bond Market
The Securities and Exchange Commission of Sri Lanka proposes policy decisions to develop the corporate bond market by permitting Primary Dealers, Stock Brokers, and other institutions to operate as Debt Dealers under new capital and qualification frameworks. The document outlines requirements for electronic trading platforms, a centralized trade reporting system, and the establishment of a Central Clearing Corporation to mitigate counter-party risks and enhance market transparency. Additionally, the SEC seeks to attract foreign investment, encourage public bond issuance, and relax investment restrictions for institutional investors while simplifying listing requirements and standardizing brokerage structures.
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