SRI LANKA: CSE Announces Amendments to Trading Rules

Friday February 17 2023

On 17^th February 2023, the Colombo Stock Exchange (CSE) has announced amendments to the following rules contained in Part 2 of the Trading Rules in order to facilitate Repurchase (REPO) transactions between two (2) eligible investors operating through the same Trading Participant to be carried out on the Over the Counter (OTC) Platform of the CSE:

Rule 1 -General

This rule has been amended to include REPO transactions between two (2) eligible investors operating through the same Trading Participant.

Rule 2 – Types of Repurchase Transactions

This rule has been amended to include REPO transactions between two (2) eligible investors operating through the same Trading Participant as a permitted trade on the OTC Platform.

Rule 3 – Master Repurchase Agreement

This rule has been amended to require two eligible investors operating through the same Trading Participant to enter into the Master Repurchase Agreement prior to carrying out the REPO transactions.

The amended rules have been approved by the Securities & Exchange Commission of Sri Lanka (SEC) and will be effective from 17^th February 2023.

Click on the above link for further information