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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