SEC to grant moratorium for stock market investors
April 1, 2020 06:04 pm
Securities and Exchange Commission of Sri Lanka (SEC) has decided to grant a moratorium to the clients of all licensed Stock Brokers and registered Margin Providers from the payment of interest on credit extended to them, which are due during the period commencing from March 11.
This is taking into consideration the impact caused to investors as a result of the drop in valuations of listed securities on or about 11th March, said SEC’s Director-General Chinthaka Mendis in a directive to the Colombo Stock Exchange and all stock brokers.
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