SEC and CSE meet with the Stockbrokers

samaritan

samaritan

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SEC and CSE meet with the Stockbrokers CSE-Ada-Derana-Biz-1

The Securities and Exchange Commission of Sri Lanka (SEC) together with the Colombo Stock Exchange (CSE) met the CEO’s of the stockbroker firms for a discussion on the current status of the stock market this afternoon (11.02.2021).

Candid views were expressed between the parties and the stockbrokers expressed their views with regard to the information that has been called for by the circular issued by the CSE.

The stockbrokers expressed the view that there had been some misconception that this information were to be gathered in order to curtail the credit that has been extended by the stockbroker firms.

The SEC Chairman Viraj Dayaratne, PC explained that such information was anyhow been collected on a fortnightly and monthly basis and considering the dynamic nature of the market some such information was required to be submitted on a weekly basis and that it was in no way meant to curtail credit granted by the stockbrokers.

http://bizenglish.adaderana.lk/sec-and-cse-meet-with-the-stockbrokers/

Fri Feb 12, 2021 11:27 am by MaJa · Fri Feb 12, 2021 11:27 am by MaJa

samaritan wrote:

The Securities and Exchange Commission of Sri Lanka (SEC) together with the Colombo Stock Exchange (CSE) met the CEO’s of the stockbroker firms for a discussion on the current status of the stock market this afternoon (11.02.2021).
Candid views were expressed between the parties and the stockbrokers expressed their views with regard to the information that has been called for by the circular issued by the CSE.
The stockbrokers expressed the view that there had been some misconception that this information were to be gathered in order to curtail the credit that has been extended by the stockbroker firms.
The SEC Chairman Viraj Dayaratne, PC explained that such information was anyhow been collected on a fortnightly and monthly basis and considering the dynamic nature of the market some such information was required to be submitted on a weekly basis and that it was in no way meant to curtail credit granted by the stockbrokers.
http://bizenglish.adaderana.lk/sec-and-cse-meet-with-the-stockbrokers/

Sad that it took 3-4 days of a blood bath for everybody to come out - take action
Policy decisions should be stable.
Should not tamper with after a decision is take , but evaluate all angles before implementing .

samaritan likes this post

Fri Feb 12, 2021 12:25 pm by **samaritan** · Fri Feb 12, 2021 12:25 pm by **samaritan**

Market may go up by 500 points today on renewed positive investor sentiment.
SEC and CSE meet with the Stockbrokers Lol

SL not constrained by IMF agenda : Cabraal

unquote:
Clear indication that Govt has something up their sleeve to overcome challenges.

Vishwanarth likes this post

Fri Feb 12, 2021 1:47 pm by **Vishwanarth** · Fri Feb 12, 2021 1:47 pm by **Vishwanarth**

Yeeehh

Fri Feb 12, 2021 2:08 pm by **judecroos** · Fri Feb 12, 2021 2:08 pm by **judecroos**

samaritan wrote:Market may go up by 500 points today on renewed positive investor sentiment.

SL not constrained by IMF agenda : Cabraal

unquote:
Clear indication that Govt has something up their sleeve to overcome challenges.