📈 CSE Streamlines Foreign IIA Setup via Mobile App with Seylan Bank Partnership.

• The Central Depository Systems (CDS), a wholly owned subsidiary of the Colombo Stock Exchange (CSE), has signed a Memorandum of Understanding (MoU) with Seylan Bank PLC. • This collaboration is designed to enhance the facilitation of Inward Investment Accounts (IIAs) for non-resident Sri Lankans and Foreign Individuals (FIs). • Key Mechanism: Foreign investors can now request an IIA when opening a CDS account directly through the CSE Mobile App. • The partnership ensures essential applicant information is efficiently exchanged between the CDS and Seylan Bank PLC for a compliant and swift account setup. • This initiative is the latest step in ongoing efforts to strengthen market infrastructure and improve investor accessibility to the Sri Lankan Capital Market, with Seylan Bank joining other major financial service providers in this digital streamline.