Regulatory Alerts2026-05-05
Added · Updated
SEC Directive Related Party Portfolio Management Limits and Minimum Number of Clients
The Securities and Exchange Commission of Sri Lanka issued a directive requiring licensed Investment Managers to reduce Assets Under Management attributable to related parties to 60% within one year and 40% within two years. New Investment Manager applicants must ensure related party exposure never exceeds 40% of total Assets Under Management and must demonstrate a minimum of three prospective clients at the time of application. Existing license holders are mandated to maintain a minimum of three clients within one year of the directive's effective date of May 6, 2026.
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