Encouraging More Listings Through Rule Amendments
The Colombo Stock Exchange (CSE) is asking the public to share their views on changing its listing rules. The current rule requires companies to have a minimum amount of shares held by the public, which has made it hard for some companies to list this way. Because of this, only seven companies have listed through introductions since 2013, with the last one in 2020. The CSE hopes that changing the rules will help more companies list and increase market activity.
Addressing Stakeholder Concerns on MPH Requirements
Many stakeholders have expressed concerns that the existing MPH rule acts as a barrier for companies seeking to list via introductions. The CSE acknowledges these challenges and is considering an alternative approach that relaxes MPH compliance at the time of listing, making the process more accessible for potential applicants while maintaining market integrity.
Public Consultation and How to Participate
To finalize these amendments, the CSE has opened a public consultation, inviting written feedback until June 27. Interested parties can submit their comments by registered post to the Chief Regulatory Officer at the World Trade Center, Colombo, or via email at [email protected]. This initiative reflects the Stock Exchange’s commitment to transparency and stakeholder engagement in shaping effective regulations.
Encouraging More Listings Through Rule Changes
The Colombo Stock Exchange plans to ease rules that make it hard for companies to list through introductions. This change aims to attract more companies to join the market and boost trading activity.