The Colombo Stock Exchange and the Securities and Exchange Commission have decided to withdraw the requirements applied to the stockbroker firms via the latest circulars bearing number 04-03-2021 dated 08 March 2021 due to the system limitations and practical constraints regarding the submission of certain information.
The Colombo Stock Exchange had been in discussions with the stock brokering community with regards to the concerns they expressed pertaining to practical challenges in complying with regulatory measures on Monitoring Credit Exposure Undertaken by stockbrokers/dealers.