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on seeking approval to tap wire lines
Dec 11, 2011 (LBT) - Sri Lanka’s telco regulator Telecommunications Regulatory Commission (TRC) denied claims by capital market watch dog Securities and Exchange Commission is planning to seek approval to record and storage of all ‘relevant communications’ made via handheld electronic communication devices.
TRCSL Director General Anusha Palpita said that TRC had not got any request from SEC to tap telephone calls and neither TRC does not have the authority to do so.
“We do not have the authority to do that. It is some fabricated news” Palpita said.
These comments were made by Palpita amidst reports that outlined the Securities and Exchange Commission (SEC) plans to bring in rules where orders of client transactions by their stock brokers are recorded aimed at helping the regulator bring manipulators to justice.
Meanwhile when inquired from SEC, an official from the watch dog’s house told that although a discussion on tapping phones had been happening about three years ago and SEC had not seek approval from TRC to tap wire lines yet.
“There had been only a discussion that was happening and it happened two three years ago” he said.
However the reports stressed that with a mechanism there’s always an audit trail of share orders/transactions will help SEC to identify manipulators whilst under normal laws no one can record or tap telephone conversations in Sri Lanka.
http://lbt.lk/news/market/878-no-phone-hacking
Dec 11, 2011 (LBT) - Sri Lanka’s telco regulator Telecommunications Regulatory Commission (TRC) denied claims by capital market watch dog Securities and Exchange Commission is planning to seek approval to record and storage of all ‘relevant communications’ made via handheld electronic communication devices.
TRCSL Director General Anusha Palpita said that TRC had not got any request from SEC to tap telephone calls and neither TRC does not have the authority to do so.
“We do not have the authority to do that. It is some fabricated news” Palpita said.
These comments were made by Palpita amidst reports that outlined the Securities and Exchange Commission (SEC) plans to bring in rules where orders of client transactions by their stock brokers are recorded aimed at helping the regulator bring manipulators to justice.
Meanwhile when inquired from SEC, an official from the watch dog’s house told that although a discussion on tapping phones had been happening about three years ago and SEC had not seek approval from TRC to tap wire lines yet.
“There had been only a discussion that was happening and it happened two three years ago” he said.
However the reports stressed that with a mechanism there’s always an audit trail of share orders/transactions will help SEC to identify manipulators whilst under normal laws no one can record or tap telephone conversations in Sri Lanka.
http://lbt.lk/news/market/878-no-phone-hacking
100% sure that. 
