Commercial Bank (CB), Bank of Ceylon (BoC), Richard Pieris, Mackwood Group’s Calridge Ltd and India Infolines, who have been short listed for a retail stock broking licence by the Colombo Stock Exchange (CSE), are preparing to set up operations, according to informed sources.
These were among several companies who applied for a license. Under the rules, the CSE shortlists the firms who are then required to set up their office and then apply for a stockbroking licence to the Securities and Exchange Commission. The sources said if CB gets the licence, it would be returning to this sector after about a 10-year spell, while Richard Pieris and Mackwoods are new entrants. |
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