Regulatory Alerts2026-01-01
Directive on Whitelist Indices dated 26th February 2026
The Securities and Exchange Commission of Sri Lanka mandates that all market institutions and intermediaries ensure Whitelist Equity Indices are certified by two Accredited Shariah Scholars prior to publication. This directive requires operators to adopt the SEC's Standard Shariah Compliant Securities Screening Methodology, which enforces strict qualitative business activity benchmarks and quantitative financial ratio thresholds. Market participants must also inform investors of these requirements and ensure the bi-annual publication of whitelisted securities alongside dividend purification advice.
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