Seminar on insider trading

Thursday, 15 March 2012 01:07 -     - {{hitsCtrl.values.hits}}

The Institute of Chartered Corporate Secretaries and the Securities Exchange Commission in partnership with the Daily FT will hold a seminar on insider trading on 26 March.



 The seminar is to be held from 4 p.m. to 6:30 p.m. at Hilton Colombo Residencies and panellists include Professor Gishan Dissanaike and Cambridge University Professor of Corporate Governance Adam Smith, who will speak on the topic ‘Insider Trading – Good, Bad or Ugly’.



Laugfs Gas Chairman W.K.H Wegapitiya will speak on the topic ‘No Risk No Gain in the Capital Market’ and Heraymila Securities CEO Ravi Abeysuriya will speak on the theme ‘Greed is the Downfall of the Capital Market’. Nithya Partners Senior Partner Aritta Wikramanayake will speak on ‘The Way Forward’.

The sessions will also include some opening remarks by the SEC Chairman Tilak Karunaratne and Colombo Stock Exchange Chairman Krishan Balendra.

The SEC recently circulated a draft paper to amend provisions of the SEC Act and plans to bring in comprehensive civil remedies and criminal prohibitions to prohibit insider trading. It will provide definitions of key elements of the offence and the statutory defences available, timely disclosure to the market of material information intended to minimise the time during which there is scope for insider trading and set in place adequate international arrangements and cooperation for investigations from which trading in securities may occur in Sri Lanka or in securities listed on the exchange.

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Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.