Colombo Stock Exchange

Country
Sri Lanka
Number of listed companies
296
Domestic market capitalization
18,960
SSE Partner Exchange

Yes

Has annual sustainability report

No

Requires ESG reporting as a listing rule

No

Has written guidance on ESG reporting

Yes

Offers ESG related training

Yes

  • CSE recently formalized an arrangement with the Global Reporting Initiative (GRI) to provide guidance to listed companies on ESG disclosures in Sri Lanka and conducted workshops on corporate transparency and sustainability reporting.
  • CSE in collaboration with Tundra Fonder recently hosted the ‘CSE – Tundra Fonder Sustainability Forum’ to discuss, understand and integrate ESG analytics into business planning and operations.
Has sustainability-related indices

No

Has sustainability bond listing segment

No

Has SME listing platform

No

Additional information
Organizational model of stock exchange
  • Not for Profit Organization. Legal Form: Company Limited by Guarantee
Regulatory model
Limited Exchange Self-Regulatory Organization (SRO) Model
  • Although the Colombo Stock Exchange is a self-regulating exchange, its functions are fairly limited. Essentially, the exchange is responsible for monitoring its market but the greater authority falls upon the Securities and Exchange Commission (SEC) of Sri Lanka. The SEC, Sri Lanka, possesses a variety of powers and functions that allow it to supervise and enforce regulations in the Sri Lankan capital markets.
About the stock exchange
Location: Colombo, Sri Lanka
  • The CSE is a company limited by guarantee, established under the Companies Act No. 17 of 1982 and is licensed by the Securities & Exchange Commission of Sri Lanka (SEC). The CSE is a mutual exchange and has 15 full members and 16 Trading Members licensed to trade both equity and debt securities, while three members are licensed to trade in debt securities only. All members are licensed by the SEC to operate as stockbrokers. All members are corporate entities and some are subsidiaries of large financial institutions. At present the CSE functions as a market operator and through its fully owned subsidiary, Central Depository Systems (Pvt.) Limited (CDS), acts as a clearing and settlement system facilitator. The CSE also oversees compliance through a set of rules, promotes standards of corporate governance among listed companies and is actively involved in educating investors. In the course of its operations, the CSE interacts with many customers and stakeholders which include issuers (such as companies, corporations and unit trusts), commercial banks, investment banks, fund managers, stockbrokers, financial advisers, market data vendors and investors. Source
Ownership of Exchange (Shares >4% only) Share