Over the years, the securities market in Sri Lanka has developed extensively and it is today recognized as an efficient, growing, and fast improving securities market. At such a stage of development, the market would be expected to show signs of maturity and growing professionalism so that it could be benchmarked to international standards. In order to perform at such levels, the entire capital market community has to be well aware of the standards expected by the global investing community and they should be sufficiently competent to keep abreast of new developments that take place on a continuing basis being in a position to understand and apply these new phenomena. Although there has been a significant growth in the market, it falls short behind the extent and potential that the business community may have expected it to develop. ....
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