Regulatory Alerts2023-01-01
Guidelines for Custodians Providing Services to Market Institutions, Intermediaries, Listed Companies, or Collective Investment Schemes
The Securities and Exchange Commission of Sri Lanka issued these guidelines to regulate custodians of schemes, funds, and securities accounts. The document mandates strict compliance with the SEC Act, relevant exchange rules, and anti-money laundering regulations while requiring custodians to submit information and corrective actions upon Commission request. Specific duties include obtaining prior approvals for establishing funds and ensuring the accuracy of beneficial owner disclosures to protect investor interests.
Share