Colombo Share Exchange (CSE) is the only authorized Share market in Sri Lanka and the head office of this institute is located in west tower , world trade center building , Colombo. There are branch networks all around the country to provide investment services for the people who live far away from Colombo. The main objective of Colombo Stock Exchange is to organize and do the entire operation of Share market in Sri Lanka. There are so many rules and regulations falls to this market and Colombo Share Exchange monitor by Securities and Exchange Commission of Sri Lanka (SEC). This institute was established in the year of 1987 under act No 36. Later this amended by Act No. 26 of 1991, Act No. 18 of 2003 and Act no. 47 of 2009. There are 33 registered market Intermediaries under category of margin provider and 37 registered market intermediaries under the category of Investment Manager under Securities and Exchange Commission of Sri Lanka.
The Main objectives of Securities and Exchange Commission of Sri Lanka are.
- the creation and maintenance of a market in which securities can be issued and traded in an orderly and fair manner;
- the protection of the interest of investors;
- the operation of a Compensation Fund to protect investors from financial loss arising as a result of any licensed stock broker or licensed stock dealer being found incapable of meeting his contractual obligations; and
- The regulation of the securities market and to ensure that professional standards are maintained in such market.
Colombo Stock Exchange mainly represents the private sector and Securities and Exchange Commission (SEC) is a government institute which operates under finance ministry. SEC is one of the very powerful institutes and it got the power to lisone unit trust also. SEC links Sri Lanka Government and security business so it gives advice and feed back of security business to Sri Lankan government. There are 10 members of SEC and 6 of them appointed by finance minister and most of them are higher government officers. SEC has got regulatory power from Sri Lanka government to monitor, give liaisons and to listen complain and grievance of investors. SEC published annual report which contains lot of good information regarding Security market of Sri Lanka.
Having some knowledge about Securities and Exchange Commission is vital for investors and investor got protection from Sri Lanka government for their shares and securities under this institute.
Contact of Securities and Exchange Commission of Sri Lanka
Address : Level 28 and 29, East Tower, World Trade Centre, Echelon Square, Colombo 01, Sri Lanka.
Telephon : +94 11 2331013 – 6, +94 11 2439144 – 8
Fax : +94 11 2439149
Email : email@example.com