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SEC approves regulatory framework for Infrastructure Bonds

The Securities and Exchange Commission (SEC) of Sri Lanka has approved a regulatory framework for issuing and listing Infrastructure Bonds on the Colombo Stock Exchange. This initiative is aimed at attracting both local and foreign investments into critical infrastructure projects, such as transportation, utilities, and renewable energy. The framework enables government bodies and private sector companies to finance these projects through bonds. SEC Chairman Faizal Salieh emphasized the need for transparent and accountable capital allocation to address economic challenges. The introduction of these bonds is part of the SEC's wider Capital Market Reforms Agenda, designed to enhance Sri Lanka's capital market. The regulatory framework includes measures to protect investors, ensuring they are well-informed about project performance, fund utilization, and associated risks. This move is seen as a significant step towards fostering long-term investment in infrastructure, crucial for Sri Lanka's economic growth and sustainability.

 

https://www.dailynews.lk/2024/01/08/business/335181/sec-approves-regulatory-framework-for-infrastructure-bonds/

Daily News
2024-01-08