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Sri Lanka stock exchange invites public comments on new rules

Apr 12, 2017 11:55 AM GMT+0530 | 0 Comment(s)

ECONOMYNEXT – Sri Lanka’s stock exchange has called for public comments on changes to its listing rules aimed at strengthening the enforcement action applicable for non-compliance.

The Colombo Stock Exchange said several continuous listing requirements are being revised.

These cover corporate governance, timelines for submission of interim financial statements and annual reports, submission of audited financial statements containing modified audit opinions and emphasis of matters of ongoing concern, related party transactions, and minimum public holding requirements.

“By further strengthening the enforcement action relating to Listing Rules, the CSE intends to establish a framework to monitor compliance by Listed Companies with the CSE Listing Rules, and to enhance the quality and timeliness of disclosure of information,” it said.

The CSE invited the views of the public and the stakeholders of the CSE, including listed companies, on the proposed amendments to the listing rules by 28th April 2017.
(COLOMBO, April 12, 2017)


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