Regulatory Alerts2016-12-31
Added · Updated
Securities and Exchange Commission Annual Report 2016
The Securities and Exchange Commission presents its annual report for the nine-month period ending December 31, 2016, reflecting the transition to a new financial year aligned with the enactment of the Securities Act, No. 41 of 2016. The report details the Commission's operational activities, including market supervision, licensing, and enforcement, while highlighting the regulatory impact of the new Act which mandates licensing for central securities depositors, credit rating agencies, and other capital market operators. It further outlines the Commission's efforts to enhance investor protection through directives on Collective Investment Scheme segregation and custodial requirements, alongside a review of market performance amid high interest rates and low primary issuance activity.