Central Depository Systems (Pvt) Ltd. Fully owned subsidiary of the Calombo Stock Exchange eS» C | D | £04.01 West Block, ‘World Trade Centr, Echelon Square Colombo 0100, Si Lanka csese tk sews November 30, 2010 CIRCULAR NO: 13/2010 To :-AllListed Companies Deat Sit/Madam, DIRECTIVE UNDER SECTION 13 (C) OF THI LANKA ACT NO.36 OF 1987 (AS AMENDED) |CURITIES AND EXCHANG COMMISSION OF SRI The Securities & Exchange Commission of Sri Lanka (SEC) has directed the CSE and CDS to mandate the lodging of certificates pertaining to all listed securities at the Central Depository Systems and thereby implementa system of dematerialization for all listed securities In connection with the above the SEC has directed the CDS/CSE to implement the following to be edfective ofthe dates mentioned below. 1. To mandate securities of new listings tobe in de-mat form with effect from 1* January 2011 2 To mandate securities of all existing listing entities which obtained listed status before If January 2011 to be in demateriaized form within a transitional period of one year from 1” January 2011 and to give prior notice to the existing listed entities ofthe said requirement. The CDS wil inform the procedure to be adopted for the creation and maintenance of ‘Client Locked ‘Accounts by 10" December 2010. ‘The Directive dated 22 November 2010 s attached. Yours faithfully For and on behalf of CENTRAL DEPOSITORY SYSTEMS (PVT) LTD Rajgete-Bandaranaike ‘MANAGER - CLEARING & SETTLEMENT Col ‘STOCK EXCHANGE "8SECURITIES AND EXCHANGE COMMISSION OF SRI LANKA Ze Ref: SEC/LEG/10/11/51 ou N 4 November 22, ‘TO: THE COLOMBO STOCK EXCHANGE AND CENTRAL DEPOSITORY SYSTEMS (PVT) LTD Attn, Ms. Surekha Seliahews, Chief Execute Officer, CSE ION 13 (c) OF THE SEC OF SRI LANKA ACT NO.36 OF 1987 (AS AMENDED) The Securties a mandate oa 266" Commission Meeting deciged to ste securities at the Central Depository System and thereby implement a system of devaterialzation for ail istee securives Further to the above dec Central Depository Systems (Pvt ates mentioned below jon the SEC hereby directs the Colombo Stock Exchange (CSE) and the (os ment the following to be effective on the 1 To mandate se 2021 effect from 1% January 2 To mandate secunties of all ev January 2011 to 2e »9 demateraize: January 2011 tities which obtained listed status before 1° 3c for within a transitional period of one year from 1" me ies of the said 3. Toamena regulation of cemateriaizatio~ couls take place -e for the a adopted on or before 1” Januar S Rules to prove far the eequirement and te srOwce for the snstances where rematerialization ging Of secunties and procedures to be 4. To have in place the infrastru ‘Accounts’ on oF 6 for the 2011 reation and maintenance af ‘Client Locked fore 1* Janu’ 5. To take any other steps as deemed necessary to implement the above Malik Cader Director General Copy: Mr. Rajeeva Bandaranaike, Assistant General Manager, Clearing & Settlement, CSE.