SEC and CSE meet stockbrokers

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

A brief SEC statement said 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 CSE circular. 

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

SEC Chairman Viraj Dayaratne explained such information was anyhow been collected fortnightly and monthly, 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.