Colombo – June 3, 2025 — In a move aimed at enhancing investor accessibility and strengthening Sri Lanka’s capital markets, the Central Depository Systems (CDS) of the Colombo Stock Exchange (CSE) has signed a Memorandum of Understanding (MoU) with Sampath Bank PLC. The partnership focuses on simplifying the process of opening Inward Investment Accounts (IIAs) for non-resident foreign individuals.
The CDS, which functions as the depository and custodian for securities traded on the CSE, will now facilitate foreign investor onboarding through the CSE’s mobile application. The collaboration with Sampath Bank enables foreign investors to request IIAs at the point of opening CDS accounts digitally, eliminating previous administrative friction.
“The integration of IIA account opening into the CSE app removes key barriers for non-resident investors,” said Rajeeva Bandaranaike, CEO of the CSE. “With the market offering long-term value, making it easier for foreign investors to participate is vital for our growth.”
Under the agreement, essential applicant information will be securely shared between the CDS and Sampath Bank, ensuring efficient and compliant account setup processes.
Sampath Bank’s Managing Director, Ayodhya Iddawela Perera, emphasized the importance of offering secure and streamlined digital solutions: “This partnership supports a simplified, compliant, and user-friendly investor experience that aligns with our national objective of attracting more global capital.”
The initiative reflects a broader effort to modernize Sri Lanka’s financial infrastructure and increase foreign participation in its capital markets.