SEC calls for views on minimum public float

Friday, 1 October 2010 01:20 -     - {{hitsCtrl.values.hits}}

The Securities and Exchange Commission (SEC) has called for the views of the public on the proposal to implement a minimum public float as a continuous listing requirement in local bourse.

The SEC announced on its website that it invites comments from the public to reach it on or before 25 October. The public can sent their comments via post, email or fax.

The SEC was established in pursuance of the Securities and Exchange Commission of Sri Lanka Act basically for the creation and maintenance of a market in which securities can be issued and traded in an orderly and fair manner.