http://www.lbo.lk/fullstory.php?nid=1203581963
DIRECTIVE UNDER SECTION 13 (c) OF THE SECURITIES AND EXCHANGE COMMISSION OF SRI LANKA ACT NO. 36 OF 1987 (AS AMENDED)
Further to the Directive of the SEC dated 29th November 2010 (SEC/LEG/10/11/77) the Securities and Exchange Commission of Sri Lanka at its 278th Meeting held on 13th May 2011 has decided to grant further relief in respect of the time granted to Stock Brokers to clear their remaining 50% of the debtor balance as follows:
1. 25% of the above remaining debtors over T+3 days to be cleared by 30th September 2011; and
2. The balance 25% to be cleared by 31st December 2011.
As such the Directive of the SEC dated 29th November 2010 (SEC/LEG/10/11/77) stands amended accordingly.
The Colombo Stock Exchange is also directed to disseminate this Directive of the SEC to all members of the Colombo Stock Exchange.