SRI LANKA: Proposed Amendments to CSE Listing Rules

Friday September 6 2019

On 2^nd September 2019, the Colombo Stock Exchange (CSE) announced that it is in consultation with the Securities and Exchange Commission of Sri Lanka (SEC) proposing to revise the regulatory framework governing the initial listing of shares on the CSE. The exercise is aimed at broadening the CSE Listing Rules to complement Sri Lanka’s rapidly developing commercial landscape comprising of multiple new business models and segments. The revisions are also directed at improving the efficiency of the listing process while offering greater flexibility to companies listing on the CSE.

Proposed amendments to CSE Listing Rules to cover a broader base of corporates and improve IPO process

– Amendments aimed at improving public market accessibility for local companies

– Offers new avenues for potential issuers to meet eligibility

– Proposed changes to IPO process creates flexibility for companies

– Improvements to IPO timelines

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