Regulatory Alerts2021-01-01
Amendment to Reinstatement Requirements for Investment Advisors
The Securities and Exchange Commission of Sri Lanka amended the reinstatement requirements for Investment Advisors following a Regulatory Committee decision. The directive mandates that expired licenses due to non-compliance with Continuing Professional Development credits require reinstatement via viva voce and re-licensing examinations based on years of industry experience. Licensed stock brokers are instructed to circulate these updated criteria to ensure proper renewal procedures are followed for all affected advisors.
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