Dr. PB to meet SEC Commissioners today

Finance Ministry Secretary Dr. P.B. Jayasundera is scheduled to hold a meeting today with the Securities and Exchange Commission (SEC) Chairman and Commissioners.

The Daily FT learns the convening of SEC team including the Acting Director General is a follow up to the President and Finance Minister Mahinda Rajapaksa-capital market stakeholders’ discussion held on Friday.  Some termed today's meeting as “crucial.”

 Whilst opinion over the forum with the President is mixed, with most brokers terming it positive and others describing it as “disappointing,” today’s fresh meeting between the Treasury Secretary and the SEC team will be closely trailed.

The President on Friday requested Dr. Jayasundera to reconvene the stakeholders in two weeks’ time for a follow-up on the discussions.