SEC To Promote New Investments  
Posted 27,April

By Chaveendra Dunuwille

In Local News

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In a recent interview the Chairman of the Securities and Exchange Commission  (SEC) Viraj Dayaratne PC stated that as a means of furthering capital market  development in Sri Lanka the SEC is promoting new investments, some of which  will be considered as the first of its kind in the country.  

The Chairmen further stated that the SEC has approved in principle Special  Purpose Acquisition Companies (SPAC’s) with relevant frameworks as well as  promoting ‘over the counter’ trading of gold paper products. The framework  principle for such trades has also been approved by the SEC.