SEC to set up CMICC

The Securities and Exchange Commission of Sri Lanka’s (SEC) will establish a Capital Market Industry Consultative Committee (CMICC).

This was a key recommendation made by industry participants at the recently concluded Capital Market Development Workshop.

Participants said that a well represented (CMICC) which will consider the views of various stakeholders that will have an impact on the capital market. This will ensure a robust and inclusive development of the industry as well as to make recommendations for formulation of policy.

SEC sources said that the current positive economic and political environment in the country has emphasised the need for a Capital Market which can adapt to meet new challenges.