The Colombo Stock Exchange (CSE) says that the Central Depository Systems (Pvt) Ltd (CDS), a subsidiary of the CSE, has announced new measures aimed at protecting dormant CDS accounts that have remained inactive for three years or more. MORE..
According to a statement issued by the CSE, the measure will involve a staggered suspension framework for dormant accounts, which can be re-activated at any time, quite easily by account holders, subject to updated KYC information.
Summarised from Ada Derana
Organisations- Non-Operative Client Account2
- Central Depository Systems2
- Non-Operative Reactivation2
- Colombo Stock Exchange2
- Non-Operative Client2
- Account Holder2
- CSE Mobile2
- CDS Rule2
Keywords- accounts2
- dormant2
- inactivity
- protection
- strengthen
- subsidiary
- investor
- restrict
- limit
- three
Names and places drawn from every article in this story. The number shows how many of them mentioned it.
Share this story
Send the whole picture, not one version of it.
2 newsrooms have reported this story
Full coverage