Last Updated : 2019-01-22 16:20:44

Apps Advertising Home Delivery Feedback

SEC to amend disclosure rules on director dealings

27 December 2013 01:53 am - 0     - {{hitsCtrl.values.hits}}

A A A
The Securities and Exchange Commission is expected to amend the listing rules pertaining to disclosures on director dealings, to chuck out some ambiguities that have fuelled late disclosures by some parties.

According to SEC Deputy Director General/Officer in Charge, Dhammika Perera, a specific time period will be indicated in the new rules for directors to disclose their dealings.

The Colombo Stock Exchange’s present listing rules direct listed entities to make an immediate announcement of disclosures made by a director in terms of Section 200 of the Companies Act.

The Section 200 of the Companies Act requires directors to make disclosures of an acquisition or disposal of shares of their companies to the board of directors.

Those familiar with the regulatory aspects in connection to director dealings said, most of the directors tend to use the infrequency of board meetings as an excuse to make delayed disclosures.

Pakistan warns India against military action

Pakistan has warned it will retaliate if India takes military action against

Petition filed seeking SC order directing EC to hold PC poll immediately

A petition was filed by the Sathya Gaveshakayo Organisation (Truth Seekers) i

MP Mahinda Rajapaksa: Twice ‘FALSE’ on GDP growth

In the nine years I was in power, I increased the GDP per capita of this coun

Imported milk powder not healthy, Prez reiterates

President Maitripala Sirisena said that consumption of some imported milk pow

  Comments - 0


Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment


 

 

 

TODAY'S HEADLINES