Name: Provision for the establishment and operation of a Multi-Asset class Derivatives Exchange
Start: 2024-06-04
End: 2024-06-26
Location: High Commission of Sri Lanka in India

Organization Details:

Organization Name:

High Commission of Sri Lanka in India

Country:

India

Contact Person:

- -

Address:

High Commission of Sri Lanka No : 27, Kautilya Marg, Chanakyapuri, New Delhi 110021, India. - -,

Contact Details - Email:

info@gmail.in

Phone

Notice Details:

Notice Type

Tender Notice

Bidding Type

Other

Notice No.

82545610

Deadline

2024-06-26

Description

nvitation for Expression of lnterest and Proposals
for the establishment and
operation of a Multi-Asset class Derivatives Exchange
lntroduction
The Securities and Exchange Commission of Sri Lanka ("SEC") is the capital market regulator in Sri
Lanka. At present the country enjoys a vibrant market for equity and debt trading. With the enactment
of the Securities and Exchange Commission Act No.19 of 2021 , the SEC is empowered to license and
regulate a derivatives exchange for futures and options trade.
Sri Lanka is strategically located as a trading hub for both physical and futures trade. The strategic
position of the country provides ideal opportunities for off-shore, near-shore and on-shore trade of
multFasset classes within the regulatory framework.The Colombo Port City offers lucrative incentives
and scope for international entities who are in the trading space of derivatives to Sri Lanka with global
trading asset classes wherein on-shore business clusters namely, tea, latex rubber, coconut based
products, spices, minerals and gems-precious stones will facilitate the options trading of derivatives.
The Exchange
Having recognized the necessity for derivatives trading in the country from a risk management and
price discovery perspective, the SEC invites Expression of lnterest ("EOl") from interested entities for
the establishment and operation of a Multi-Asset class Derivatives Exchange ("the Exchange").
The Exchange should facilitate futures and options trading of multi-asset class derivatives and should
be incorporated as a limited liability entity. lt should adhere to global standards, best practices and
accommodate all necessary components of a derivatives exchange including mechanisms for central
counter party (CCP) clearing and settlement of the instruments traded.
Eligibility Criteria for EOI
The prospective entity must be currently in operation in its own jurisdiction and have a proven track
record in establishing and operating exchanges of this nature. The entities could express their interest
directly or in partnership with Sri Lankan entities.
Procedure for Submitting EO!
. The EOI with a detailed proposal must be delivered to the SEC at the address given
below on or before 16:00hrs loca! time on 26th June 2024.
. Short listed applicants will be invited to demonstrate their business and technical
capabilities to operate the Exchange.
. For any clarification contact us via ederivatives@sec.gov.lk or (+94 1 1) 2143803.
Director General
Securities and Exchange Commission of Sri Lanka
Level 29, East Tower, World Trade Centre II
Echelon Square, Colombo 01 3'
Sri Lanka B
Tel: (+94 1 1) 2143843, Fax:(+94 1 1) 2439149, Website:www.sec.9ov.tk !
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COMMISSION OF SRI LANKA
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