The Colombo Stock Exchange (CSE) is set to introduce Regulated Short Selling (RSS) and Stock Borrowing and Lending (SBL), marking a significant development in the Sri Lankan financial market. This implementation is scheduled to commence on the 6th of November, 2023, providing investors with new opportunities and tools for managing their investments.
As part of the preparations for the rollout of RSS and SBL, the CSE will take the following steps:
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All pending orders in the Automated Trading System (ATS) as of the end of trading on the 3rd of November, 2023, will be canceled.
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On the 6th of November, 2023, an open auction call session will be held between 9:00 am and 9:45 am. This extended session aims to allow ample time for order entry and ensure a smooth transition to the new trading mechanisms.
The Colombo Stock Exchange will implement these changes in compliance with amendments to the Clearing House Rules of the Central Depository System (CDS), the Trading Rules, and the Listing Rules of the CSE. These rule changes will officially take effect on the 6th of November, 2023, aligning with the RSS and SBL launch.
This development is expected to offer greater flexibility and efficiency to investors participating in the Sri Lankan stock market.
