The Members of the Commission of the Securities and Exchange Commission of Sri Lanka (SEC) met last week to assess the current situation in the stock market and determine what regulatory relief and assistance was needed to manage the impact arising from the global stock market downturn due to the panic triggered by the escalation of the Covid-19 outbreak. Chairman, SEC, Viraj Dayaratne, Director General, SEC, Chinthaka Mendis, Commissioners Manil Jayesinghe, H. A. Karunaratne, Priyantha Ratnayake, Naresh Abeysekera and Chief Executive Officer, Colombo Stock Exchange, Rajeeva Bandaranaike were present.
Following the meeting, the Chairman, the Director General, and senior officials of the SEC held discussions with the Chief Executive Officers of stockbroker firms to sek their views with regard to the present situation in the stock market and requested them to present their suggestions to the SEC promptly.