Regulatory Alerts2025-01-01
SEC Sri Lanka Directive on Disciplinary Actions for Listing Rule Non-Compliance
The Securities and Exchange Commission of Sri Lanka directs the Colombo Stock Exchange to impose disciplinary actions or administrative sanctions on listed entities and their directors for specific Listing Rule violations. The directive mandates enforcement regarding delisting procedures, the release of misleading information, unauthorized trading by insiders while securities are on a watch list, and corporate governance failures. This order becomes effective immediately upon issuance following the Commission's decision at its 524th Meeting.
Share