CDS Celebrates 25 Years
The Central Depository Systems (Pvt) Ltd (CDS) was established in 1991 and they celebrated the 25th Anniversary on 2nd September 2016.
The milestone was celebrated at a market opening ceremony organized with the participation of the Chairman of the Securities and Exchange Commission (SEC) Mr. Thilak Karunaratne, the Director General of the SEC Mr. Vajira Wijegunawardane, the Chairman of the Asia-Pacific Central Securities Depository Group (ACG) Mr. Muhammad Hanif, the Chairman of the CSE Mr. Vajira Kulatilaka, Directors of the CSE Mr. Ray Abeywardena, Mr. Asanga Seneviratne, Mr. Aravinda Perera, Ms. Jeeva Niriella and the CEO of the CSE Mr. Rajeeva Bandaranaike. CEOs of CSE Stockbroker Firms, representatives of Custodian & Settlement Banks, Company Secretaries, Company Registrars, the CSE management, the staff of the CDS and other distinguished guests from the capital market industry were also present at the event.
The CDS was established to streamline the settlement of securities, transactions and the safekeeping of securities on behalf of domestic and international investors. The Depository has since had a journey of strategic growth to strengthen its infrastructure, implement world-class systems and provide a safe clearing and settlement environment.
As stated by the special guest of the occasion, the Chairman of ACG and the CEO of Central Depository Company of Pakistan Mr. Muhammad Hanif “The CDS in the last 25 years had proven to be an exemplary institution, not only by maintaining the technological framework for the market but preserving the accountability and integrity as an institution of significance in Sri Lanka and Asia.”