Colombo Stock Exchange

Exchange entity Colombo Stock Exchange (CSE)
Conducts business in Sri Lanka
Number of listed companies (dec./16, WFE) 295
Domestic market capitalization (in Millions USD, dec./16, WFE) 18,627
Has signed the SSE Commitment Letter? Yes
Has prepared SSE Communication to Stakeholders? No
Requires ESG reporting as a listing rule? Yes; Good corporate governance is a listing rule. Source  Sustainability reporting is embedded within the corporate governance code. Source
Offers written guidance on ESG reporting? Yes
Offers ESG related training? No
Provides sustainability-related indices? No
Has green bond listings? No
Additional Information
Organizational model of stock exchange
  • Not for Profit Organization. Legal Form: Company Limited by Guarantee
Regulatory bodies
  • Securities and Exchange Commission of Sri Lanka
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