Regulatory Alerts2024-01-01
Directive on Certification Programs, Viva Voce Examinations, and Continuous Professional Development for Investment Advisors
The Securities and Exchange Commission of Sri Lanka has issued a directive establishing revised entry requirements, exemption criteria, and certification pathways for investment advisors. The regulation mandates that candidates complete specific certificate programs, accumulate relevant industry experience, and pass a viva voce examination to qualify as Registered or Certified Advisors. Furthermore, it enforces an annual continuous professional development requirement of four seminar credits to maintain active registration, with certification lapsing after two consecutive years of non-compliance.
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