• Last Update 2024-07-19 16:40:00

New SEC Act approved by parliament

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Sri Lanka’s new Securities and Exchange Commission (SEC) Act was passed without a vote in Parliament today (Tuesday).

In addition the Tax Amnesty Bill was also passed with a 134/44 vote.

The SEC Act is aimed at plugging loopholes in current legislation to deter irregular and illegal trading in the stock market while also encouraging the growth of the market.  (DEC)

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