The Central Depository Systems (Pvt) Limited (CDS), a wholly owned subsidiary of the Colombo Stock Exchange (CSE), signed a Memorandum of Understanding (MoU) with Sampath Bank PLC to enhance the facilitation of Inward Investment Accounts (IIAs) for non-resident foreign individuals (FIs) in Sri Lanka.
The CDS serves as the depository and custodian for securities traded on the CSE. This collaboration with Sampath Bank is part of its ongoing efforts to strengthen market infrastructure and improve investor accessibility.
Through this partnership, foreign investors will now be able to request IIAs when opening CDS accounts via the CSE mobile application. Essential applicant information will be exchanged between the CDS and Sampath Bank to ensure an efficient and compliant account setup. This partnership aims to simplify the investment process and strengthen Sri Lanka’s capital markets by attracting a broader range of international investors.
Mr. Rajeeva Bandaranaike, CEO of CSE, commented on the initiative, “By integrating the IIA opening process into the CSE mobile application, we are removing key friction points and offering a faster, more convenient entry for non-resident investors. At a time when the market offers compelling value and long-term growth potential, streamlining access is critical to attracting increased foreign participation.”
Ms. Ayodhya Iddawela Perera, Managing Director of Sampath Bank PLC, stated, “This partnership reflects our continued focus on enabling progress through meaningful digital solutions. As global investor interest in Sri Lanka grows, it is vital that we offer efficient and secure entry points into our financial system. Through this collaboration with the CDS, we are pleased to support a simplified investor journey—one that upholds compliance, enhances user experience, and contributes to the broader objective of strengthening the country’s investment landscape.”
Photo caption: Ms. Ayodhya Iddawela Perera, Managing Director (Sampath Bank PLC), and Mr. Rajeeva Bandaranaike, CEO (CSE), signing the MOU.
