SEC unveils 12-Pillar roadmap to transform Sri Lanka's capital market

The Securities and Exchange Commission of Sri Lanka (SEC) this week launched a comprehensive strategic roadmap aimed at transforming the nation's capital market into a resilient, innovative, and globally competitive hub.

- By NISHEL FERNANDO

Themed '12 Pillars One Vision for a Resilient Market', the plan outlined a series of transformative projects designed to revitalise the economy, enhance investor confidence, and mobilise capital for long-term development.

The ambitious reform agenda is built to deliver three core outcomes over the next decade.

"Over the next decade our strategy will be driven by twelve key developmental and regulatory priorities.

"Our ultimate goal is to build a dynamic and resilient market that fosters long term stability, ensuring sustainable prosperity for generations to come," said SEC Chairman Prof. Hareendra Dissabandara speaking at the launch.

He noted that the aim is to foster continuous innovation in the capital market to ensure its relevance and responsiveness to the evolving needs of the economy and investors; enhance infrastructure and services to be more efficient, accessible and reliable; and to develop a diverse market ecosystem that strengthens the competitiveness and resilience of the overall capital market.