Notice re lapse of Lanka Rating Agency  Limited (LRA) as a Market Intermediary
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Notice re lapse of Lanka Rating Agency Limited (LRA) as a Market Intermediary

The Securities and Exchange Commission of Sri Lanka (SEC), at its meeting held on the 29th of June 2015, decided that due notice be given to members of the public that, registration of Lanka Rating Agency Limited (LRA) as a Market Intermediary under the category of  ‘Credit Rating Agency’ lapsed on 30th June 2015. Members […]

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Mixed reactions to new market rules
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Mixed reactions to new market rules

Analysts are to adopt a ‘wait and watch’ approach pertaining to two impending regulations to be laid out by the Colombo Stock Exchange (CSE) and the Securities and Exchange Commission (SEC) whilst new Automated Trading Rules, introduced last week was considered still early for feedback. Both institutions had recently come out with new instructions and […]

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EAP clarifies its position on deferment of its proposed debenture
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EAP clarifies its position on deferment of its proposed debenture

EBC received a fax yesterday from the CSE at 11 30 a.m. requesting all its Directors to be present at a SEC Board meeting at 3 15 p.m. Given the short notice, only two of the Directors were able to meet with the SEC, whilst three other Directors sent communications indicating their inability to be […]

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SEC takes steps to restrain Lanka Rating Agency Ltd from providing new ratings
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SEC takes steps to restrain Lanka Rating Agency Ltd from providing new ratings

The Securities & Exchange Commission of Sri Lanka (SEC) has taken steps to restrain Lanka Rating Agency Ltd from providing new ratings with effect from 25th March 2015 until the company complies with regulatory requirements imposed by the Commission. The Commission took this decision at its 353rd meeting held on 10th March 2015 after deliberating […]

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