SEC to meet capital market stakeholders again in April

Thursday, 4 April 2013 01:25 - - {{hitsCtrl.values.hits}}

The Securities and Exchange Commission (SEC) will have a fresh round of stakeholder consultations this month as part of its continuous engagement to make the country’s capital market dynamic under its 10-point agenda for the next three years.

The upcoming discussions were revealed by SEC Chairman Dr. Nalaka Godahewa on Tuesday night at the launch of ‘Principles of Best Practice’ and the www.colombostockbrokers.com website by the Colombo Stock Brokers Association (CSBA).

He said that welcome stability and gradual improvement in the stock market was largely on account of a united effort by all stakeholders via regular consultation especially in recent months. “There is so much we can do together to develop the capital market,” the SEC Chief added.

The CSBA’s fresh initiatives were hailed by both Dr. Godahewa as well as Colombo Stock Exchange (CSE) Chairman Krishan Balendra, who noted that the Ethics Code coming as a voluntary measure by brokers grouping was commendable.