The
Securities
and
Exchange
Commission
has
implemented
key
measures
in
Jaffna
to
attract
people
in the
North to
capital
markets.
The SEC
met with
the
Jaffna
Managers’
Forum (JMF)
to
highlight
the
advantages
of them
tapping
the
capital
markets
for
better
return
for
their
investments,
as well
as
explore
listing.
Over 100
members
of the
JMF such
as
businessmen,
entrepreneurs,
professional
managers
participated
in the
discussions.
In a
parallel
endeavor
to
strengthen
the
knowledge
and
resource
base
towards
creating
future
investors
in
capital
markets,
the SEC
opened a
fully-equipped
Capital
Markets
Information
Centre
at the
University
of
Jaffna,
whilst
signing
a
Memorandum
of
Understanding
to
reward
the top
students
of
Capital
Market
Activity,
said SEC
Chairman
Udayasiri
Kariyawasam.
The
SEC will
request
the
Colombo
Stock
Exchange
to
explore
the
opening
of a
branch
in
Jaffna,
a move
which
the
Colombo
bourse
had in
its
plans in
the
aftermath
of the
2001
ceasefire.
As
part of
its
overall
thrust
to open
up the
capital
markets
to reach
the
masses,
the SEC
has
decided
to issue
five
more
stock
broking
licenses,
and
expects
the new
entrants
to
ensure
opening
provincial
branches,
including
in the
North
and
East.
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