Sri Lanka stock exchange in investor rights campaign
ECONOMYNEXT – The Colombo Stock Exchange, together with the CFA Society Sri Lanka, has launched a campaign to promote awareness of the rights of investors aimed at maintaining market integrity.
A central focus of the campaign is the Statement of Investor Rights, which investment management professionals are encouraged to share with their clients and communities, a CSE statement said.
The list applies to financial products and services such as investment management, research and advice, personal banking, and even insurance and real estate, and is intended to help investors demand that financial professionals abide by these rights.
The document includes rights that investors are entitled to, such as objective advice, disclosure of conflicts of interest, and fair and reasonable fees.
“In the midst of various growth initiatives we are pursuing at the CSE, what remains unchanged is our focus on maintaining our market’s integrity and quality, which is in the best interest of our investors,” CSE Chairman Vajira Kulatilaka said.
“We are fully aware that only operating an open, secure, fair, orderly and transparent marketplace will truly protect the rights and needs of our investors.”
His remarks were made at a special market opening ceremony in support of the “Putting Investors First Month” campaign, to call attention to the needs and rights of investors.
The Putting Investors First Month is a month-long global initiative focused on promoting the needs and rights of investors.
“Putting Investors First Month is an exciting global initiative of which we are proud to be a part,” said Murtaza Jafferjee, advocacy chair for CFA Society Sri Lanka.
“We hope to raise awareness of the need for firms and investment management professionals to protect the interests of investors above all else.
The CFA Society Sri Lanka is hosting a number of events supporting the campaign, including a retail investor seminar with local speakers and webinars to mark Sri Lanka’s participation in this global initiative.
(Colombo/May 05 2016)