Newly appointed Chairman is not pressurized by any party – SEC
SEC says no pressure from outside
Sri Lanka’s Securities and Exchange Commission says, its newly appointed Chairman Thilak Karunratne has not been pressurized in any way by investors or any other stakeholders of the capital market to come up with decisions that will affect the objectives of the SEC.
Issuing a statement, the market watchdog said, under the new Chairman it will continue to work towards ensuring the creation and maintenance of a fair, efficient and a orderly market.
The SEC states, in order to achieve this objective it will undertake continuance surveillance of market transactions, conduct investigations into any suspicious transactions and institutes enforcement action against offenders who have not complied with the regulations.
The SEC also points out, making investments in the stock market is a decision made by the respective individuals, companies or funds and the SEC does not get involved in their decision making process.
It says the SEC can only take action in instances where the SEC Act has been violated.
“We wish to also state that any domestic and foreign individuals, companies or funds can invest in the stock market by opening an account in the Central Depository System (CDS) in line with CDS rules and regulations. It is applicable to both government and private sector investors.” The SEC statement added.
