Regulatory Alerts2018-12-31
Regulatory Framework on Investments and Disposals in Listed Securities by Unit Trust Managing Companies
The Securities and Exchange Commission of Sri Lanka mandates that Unit Trust Managing Companies obtain prior approval before investing or disposing of listed equity or debt securities in their own name. The framework requires companies to submit detailed requests including conflict of interest declarations and adhere to strict conditions prioritizing client funds over proprietary trades. Additionally, managing companies must provide monthly transaction reports for unit trusts, private portfolios, and their own accounts to ensure regulatory compliance.
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