Members of the Commission
The Securities and Exchange Commission (SEC) consists of ten non-executive members and operates through a Secretariat headed by a Director General. The non-executive members constitute the policy-making arm of the SEC. Six members are appointed to the Commission by the Minister taking into consideration the wide experience and vast knowledge they possess in legal, financial, business and administrative matters. The seventh appointed member is the Deputy Governor of the Central Bank of Sri Lanka. The remaining three are members by virtue of the offices they hold and are the Deputy Secretary to the Treasury, the Registrar of Companies and the President of the Institute of Chartered Accountants of Sri Lanka. The Minister nominates from amongst the members of the Commission, one member to be the Chairman of the Commission. The appointed members hold office for a term of three years and are eligible for reappointment.