Udayasri Kariyawasam, who took office as Chairman of Sri Lanka’s Securities and Exchange Commission (SEC) on Thursday, said he will expedite the capital market development plan to keep in line with the Mahinda Chintana policy framework. He told journalists that as and when the government changes, so will the policy with regard to capital markets since the SEC is a state organisation.
Responding to a question, he said the state should relax its policies with regard to the equity markets. “For example the Ceylon Electricity Board (where he was chairman) has a Rs 17 billion pension fund. Some of this should come to the market,” he asserted. |
E-mail