Regulatory Alerts2014-04-29
Directive on Commencement of Business Operations for Investment Managers
The Securities and Exchange Commission of Sri Lanka issued a directive requiring all registered Investment Managers to commence business operations within six months of the notice date. This mandate also applies to new companies seeking registration, obligating them to begin operations within six months of their registration date. The directive was approved at the Commission's 334th meeting to address issues regarding the non-commencement of business activities following registration.
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