Sri Lanka, June 2 -- The Central Depository Systems (Pvt) Limited (CDS), a wholly owned subsidiary of the Colombo Stock Exchange (CSE), signed a Memorandum of Understanding (MoU) with Sampath Bank PLC to enhance the facilitation of Inward Investment Accounts (IIAs) for non-resident foreign individuals (FIs) in Sri Lanka.
The CDS serves as the depository and custodian for securities traded on the CSE. This collaboration with Sampath Bank is part of its ongoing efforts to strengthen market infrastructure and improve investor accessibility.
Through this partnership, foreign investors will now be able to request IIAs when opening CDS accounts via the CSE mobile application. Essential applicant information will be exchanged between the CDS and...