Friday May 17 2024
News Source: Global Exchanges
Focus: Clearing & Settlement
Type: General
Country: Sri Lanka
On 16th May 2024, the Central Depository Systems of Sri Lanka (CDS) published a circular regarding amendments to the Clearing House Rules.
The following sections of the rules has been amended to facilitate the shortening of the settlement cycle for all equity transactions from T+3 to T+2.
- Section 2 — Clearing and Settlement Facilities
- Section 4 — Clearing and Settlement of Market Contracts Relating to Securities Traded on the Equity Market of the CSE
The said amended rules will be implemented with effect from 10th June 2024.
Click on the above link for further information
