Top Professional to Head the SEC

In the recent past, the President Maithripala Sirisena  has  removed the Exchange Commission (SEC) from National Policies and Economic Affairs Ministry headed by Prime Minister Ranil Wikcremesinghe and placed it under the Finance and Mass Media Ministry headed by Mangala Samaraweera through a recent gazette.

Top professional (ICASL) Ranel Wijesinghe, is tipped to be appointed as the new Chairman of the Securities and Exchange Commission (SEC), reports claim.  He is the past President of Institute of Chartered Accountants, who also served as a Commissioner in the previous Commission headed by Thilak Karunaratne.

When Wijesinghe was contacted, he said although his name has been proposed to the post according to the sources from Ministry of Finance, it is yet to be approved.

“I cannot confirm it at the moment as the documents have not yet been finalized.” Wijesinghe said.

“The government is attempting to reconstitute the commission as soon as possible. There are ten members in the commission. The Ministry will take a decision after examining the documents of all ten members,” he added.