Sri Lanka Allows Foreign Firms as Margin Providers to Provide credit to Investors in Colombo Stock Exchange

02nd February 2012, www.island.lk

The Central bank yesterday (Feb. 02) announced that it would permit foreign owned companies which are registered with the Securities and Exchange Commission of Sri Lanka as Margin Providers, to engage in the business of provision of credit to investors of the Colombo Stock Exchange.

"The Central Bank is of the view that this move would help develop the business of margin providing, and also increase market activity by improving the access to finance for investors," the Central Bank said.