Directives and Circulars

Lifting restrictions imposed by Clause (3) of Directive SEC/LEG/12/05/45

Amendment to Interim Measure

Extension of Credit

Directive to comply with the Corporate Governance Rules enshrined in the Listing Rules of the CSE

Directive on Computation of Net Capital

To: The Colombo Stock Exchange – Dated 25th May 2012, Interim measures to enhance the smooth functioning of the payment and settlement cycle of trades.

Removal of the 10% price band

Imposition of restrictions on extending trading periods of warrants

To: The Colombo Stock Exchange – Dated 02^nd March 2012, Amendment to Section 2.1 of the Listing Rules of the Colombo Stock Exchange

Assignment of unique trader codes to investment advisers

To : The Colombo Stock Exchange -Relaxation of the restrictions imposed on Stock Brokers in extending credit to investors

To: All Managing Companies of Unit Trusts licensed by the SEC and Trustees – Guidelines relating to the allotment of shares on closure of an initial public offer Connected with SEC directive SEC/LEG/ 11/03/36 dated 10^th March 2011

To : The Colombo Stock Exchange – To grant further relief in respect of the time granted  to  the Stock Brokers to reduce their current debtor’s position Connected with directive SEC/LEG/10/11/77 dated 29^th November 2010

To : The Colombo Stock Exchange – Procedure to be followed with regard to the allotment of share on closure of an Initial Public Offer.

To : The Colombo Stock Exchange – Reduction of the number of market days to be placed under the 10% price band.

To: The Central Depository Systems (Pvt) Ltd -Re: Approval to the new CDS Rules

To: The Colombo Stock Exchange – Granting permission to  the Stock Brokers to reduce their current debtor’s position Connected directive SEC/LEG/10/09/42 dated 14^th September 2010

To: The Colombo Stock Exchange and the Central Depository Systems (Pvt) Ltd – To mandate lodging of certificates pertaining to all listed securities at the Central Depository System and implement a system of dematerialization for all listed securities.

To: All Managing Companies and Trustees of Unit Trust Funds – Investment restrictions on single entity exposure and short term debt instruments

To : The Colombo Stock Exchange – To impose trading halts on certain listed companies

To: The Colombo Stock Exchange (CSE)/ Central Depositary Systems (Pvt) Limited (CDS) and all Licensed Stock Brokers of the Colombo Stock Exchange – Amendments to the ATS Rules and transaction cost

Revised Guidelines in approving applications under Section 28A of the Securities and Exchange Commission Act no. 36 of 1987 as amended.

To: All Public Listed Companies – Prohibiting Trading Prohibiting Trading of Securities of Listed Companies transferred to the Default Board of the Colombo Stock Exchange by Directors of Such Listed Companies

To: Colombo Stock Exchange – Directive to mandate the Stock Brokers to force- sell by T+5

To : The Colombo Stock Exchange – To incorporate disclosure requirements in respect of related party transactions by listed entities in the listing rules

To: The Colombo Stock Exchange – The price band imposed on all listed companies Connected directive No: SEC/LEG/10/08/12 dated 4^th August 2010

To: The Colombo Stock Exchange – To mandate stock broker companies to refrain from extending credits to any investor beyond T+3

To: The  Colombo Stock Exchange – Directive governing the granting of approvals to the issue of share warrants by listed ompanies

To : The Colombo Stock Exchange – The imposition of a  10% price band on all listed securities

To : The Colombo Stock Exchange – To immediately suspend trading of listed securities falling within the criteria specified in the directive.

To : All Licensed Stock Brokers – Continuous Professional Development (CPD)

To: All Market Intermediaries Registered by the SEC/LEG/09/08/51   Securities and Exchange Commission of Sri Lanka –Relating to authorized signatories to the Unaudited Financial Statements and reporting to CBSL

To : All Listed Companies – Proposals for the introduction of further requirements to the revised Listing Rules in connection with the appointment of Trustees for Debenture Issues, Private Placements and Employee Share Option Schemes

To : All Stock Brokers – Relating to authorized signatories to the unaudited financial statements of all stock broking and stock dealing companies

To : All Stock Brokers – Minimum entry level  qualification to follow the Certificate in Capital Market (CCM) Programme

To: All Entities Licensed / Registered by the Securities and Exchange Commission of Sri Lanka – Revision of application fees for entities licensed / registered by the Securities and Exchange Commission of Sri Lanka

To: All Managing Companies and Trustees of Unit (Unit Trust – 03)  Trust Funds in Sri Lanka -uidelines for Trustees and  Managing Companies of Unit Trusts Funds

To: All Managing Companies and Trustees of Unit (Unit Trust – 02) Trust Funds in Sri Lanka-nvestment restrictions, Management of portfolios for third parties by Managing Companies of Unit Trusts and Minimum Net Capital

To: All Listed Companies and Credit Rating Agencies Registered with the SEC – Approval criteria relating to issuance of Unlisted Debt Securities by Listed Entities.

To: All Registered Market Intermediaries under the Category of Credit Rating Agencies – Submission of Interim Financial Reports on a monthly basis according to the formats given by the SEC

To: All Registered Market Intermediaries under the Category of Underwriters – Submission of Interim Financial Reports on a monthly basis  according to the formats given by the SEC

To: All Registered Market Intermediaries under the Category of Investment Manager – Submission of Interim Financial Reports on a monthly basis according to the formats given by the SEC

To: All Domestic Credit Rating Agencies of Sri Lanka – Endorsement of the Handbook on International Best Practice in Credit Rating Submitted by ACRAA to the Asian Development Bank

To: All Registered Market Intermediaries under the Category of Margin Provider – Submission of Interim Financial Reports on a monthly basis  according to the formats given by the SEC

To : All Plantation Companies listed on the Colombo Stock Exchange (CSE) – Rights of Golden Shareholder

To : All Listed Companies - Guidelines for the  appointment of External Auditors by Listed Companies

To: All Licensed Stockbrokers - Attempts to  Manipulate – Price using the Pre-Open Mechanism of the Automated Trading System

To: All Managing Companies of Unit Trusts -Trading on the Last Day of the Financial Year

To: All Registered Market Intermediaries under the Category of Underwriters – Submission of Interim

Financial Reports on a monthly basis

To: All Registered Market Intermediaries under the Category of Credit Rating Agencies – Submission of

Interim Financial Reports on a monthly basis

To: All Registered Market Intermediaries under the Category of Investment Managers  - Submission of

Interim Financial Reports on a monthly basis

To: All Registered Market Intermediaries under the Category of Margin Providers – Submission of

Interim Financial Reports on a monthly basis

To: All Registered Market Intermediaries - Advertisements relating to their services