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The Investor Sentiment - Equity and investments forum for Sri Lankans

The Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSEThe Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSE

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» Dividend Announcements
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» MAINTENANCE NOTICE / නඩත්තු දැනුම්දීම
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» AHPL.N0000
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» IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?
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» What Industry Would You Choose to Focus?
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» Should I Stick Around, or Should I Follow Others' Lead?
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    Common body of regulatory institutions

    First Guy
    First Guy


    Posts : 2599
    Join date : 2014-02-22

    Common body of regulatory institutions Empty Common body of regulatory institutions

    Post by First Guy Mon Oct 20, 2014 7:24 am

    The Government is to establish an Inter Regulatory Institutions Council to facilitate sharing information among financial sector regulators.
    Cabinet has approved a proposal made by the President, in his capacity as the Minister of Finance and Planning, to enact legislation for the purpose through an Act of Parliament and to instruct the Legal Draftsman to draft legislation for the purpose

    The Council is to be set up with the view to identify issues that require collective action by financial sector regulators to promote financial system stability and the development of the financial sector.

    Financial institutions include licensed banks, licensed finance companies and leasing companies, money brokers, primary dealers, insurance companies, insurance brokers, insurance agents, loss adjusters, institutional agents, stock exchanges and stock brokers/dealers.

    http://www.ft.lk/2014/10/20/common-body-of-regulatory-institutions/

      Current date/time is Fri Nov 08, 2024 1:06 pm