Regulatory Alerts2022-01-01
Public Consultation on Proposal for Introducing Sukuk Products at the Colombo Stock Exchange
The Securities and Exchange Commission of Sri Lanka issued a public consultation on 6 July 2022 seeking feedback on a proposed regulatory framework to introduce Sukuk products to the Colombo Stock Exchange. The proposal outlines amendments to existing listing rules, including mandatory Shariah Supervisory Board oversight, specific prospectus disclosures, and the redefinition of interest references as expected returns. The consultation also addresses potential investor restrictions limiting initial participation to institutional and qualified retail investors to facilitate a phased market introduction.
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