Sri Lanka, April 7 -- The Colombo Stock Exchange and Securities and Exchange Commission are looking for regulatory fixes to legislative issues that are preventing the development of the capital market. Currently, the legal framework is preventing a more seamless market infrastructure from being in place.

CSE Board Director Jayantha Fernando noted that interested parties were looking for regulatory leeway to create better processes in the economy. The CSE has been able to bring about digital verification of persons through the new Electronic Transactions Act and through being in the good favor of the Commissioner-General of the Department for the Registration of Persons (DRP).

Fernando was speaking yesterday at Sri Lanka's inaugural Inte...