Sri Lanka: Regulatory Waiver

The Regulator

The Securities and Exchange Commission of Sri Lanka

Requirements to Practice

Every director and/or employee of an investment manager who is involved in managing client funds shall possess the qualifications and/or experience as set out in options A or B:

Option A
One of the following:
  • Associate of the Institute of Chartered Accountants of Sri Lanka
  • Associate of the Chartered Institute of Management Accountants, UK
  • A degree from an accredited Sri Lankan or foreign university
  • Charterholder of the CFA Institute
  • Associate of the Chartered Association of Certified Accountants
  • Associate of the Chartered Institute of Bankers, UK
  • Associate of the Institute of Bankers of Sri Lanka
  • An equivalent or higher professional and/or academic qualification
And:
  • Experience in the financial/securities market for a minimum period of two years
Option B
  • Experience in the financial/securities market for a minimum period of seven years

The Waiver

CFA Charterholders meet the requirement to practice as Investment Manager managing client funds