Regulatory Alerts2015-09-29
Added · Updated
Regulatory Standards Applicable to Market Intermediaries
The Securities and Exchange Commission of Sri Lanka re-issues binding regulatory standards for all registered Market Intermediaries, requiring compliance with general conduct, financial, and reporting obligations. Specific standards for Margin Providers mandate a maximum initial margin of 50% of portfolio value, a minimum maintenance margin of 30%, and a single client loan limit of 15% of permissible exposure. The directive also establishes fit-and-proper criteria for directors, mandates the employment of at least two qualified client-facing personnel, and requires the maintenance of segregated client accounts. Comments on these standards are invited by 30 October 2015 as part of a review process.
More like this from SECLK
We email you every new SECLK publication the day it's published.