Wednesday April 30 2025
News Source: Global Exchanges
Focus: Clearing & Settlement
Type: General
Country: Sri Lanka
On 28th April 2025, the Colombo Stock Exchange (CSE) announced its intention of establishing a Central Counterparty (CCP) for the clearing and settlement of equity transactions carried out on the CSE. The CSE has established an entity under the name of “CSE Clear Private Limited” (CSE Clear). The said CSE Clear would function as a clearing house licensed by the Securities and Exchange Commission of Sri Lanka (SEC) under the category of a ‘Market Institution.
In order to facilitate the establishment of CSE Clear, certain rules set out in the following Rulebooks have been amended by the CSE, and the revised Rules have been approved by the SEC:
- Trading Participant Rules – marked as ”Annexure 1”
- Trading Rules – marked as “Annexure 2”
- Dispute Resolution Rules – marked as “Annexure 3″
In order to facilitate the establishment of the CCP, the CSE has carried out a comprehensive revision of the existing CDS-Clearing House Rulebook, and the revised Rulebook of the clearing house to function as a CCP shall be referred to as “CSE Clear Rules”. The said CSE Clear Rules have been approved by the SEC and is marked as “Annexure”.
The effective date of the aforesaid Rules would be notified to in due course, to coincide with the implementation of the CCP.
Click on the above link for further information.
