📈 CDS Extends Mandatory Account Update Deadline to Sept 25

The Central Depository Systems (CDS), a subsidiary of the Colombo Stock Exchange, has extended the deadline for suspending non-compliant investor accounts from July 31, 2026, to September 25, 2026. Key details of the circular include: • Reason for Extension: Granted after market intermediaries requested more time to complete client record updates during a Broker CEO Meeting on July 15. • Objective: Aimed at ensuring accurate records, improving communication, and meeting regulatory objectives to safeguard the integrity of Sri Lanka's capital market. • Action Required: Investors missing mandatory details must submit a completed CDS Form 28 through their respective stockbroker firms to avoid account suspension. • Final Warning: CDS confirmed this is a final extension. Accounts lacking mandatory information will face suspension immediately after the September 25 deadline.