Sri Lanka Securities and Exchange Commission (SEC) independence and regulatory remit should be extended as a matter of priority, according to the International Organization of Securities Commissions (IOSCO) review of Sri Lanka’s implementation of IOSCO principles.
The review also found that SEC’s powers, in particular enforcement and cooperation, should be clarified and that clear and consistent guidance across all standards was needed.
IOSCO’s country review also recommended risk-based supervision, staff development, raising standards for regulatory action as well as improving prosecutions, policy communication, emerging risk identification, internal audit processes and supervision of the audit profession.
The full review is available on IOSCO’s website:
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
