Local Investors

Never depend on single income. Make investment to create a second source. - Warren Buffett -

  • LOLC Securities – Venture into success
  • LOLC Securities – Venture into success
  • LOLC Securities – Venture into success
  • LOLC Securities – Venture into success
  • LOLC Securities – Venture into success

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Opening a Central Depository Systems (CDS) Account enables you to trade in securities through the Colombo Stock Exchange (CSE).

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Type of Investor Accounts

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    • Resident – Individual Account

      Apply online Self-Registration Guide

      Required Documents

      • NIC / Passport
      • Proof of Residency (dated within 3 months period)
      • Bank Book / Statement
    • Resident – Joint Account

      Required Documents

      • NIC / Passport
      • Proof of Residency (dated within 3 months period)
      • Bank Book / Statement
    • Resident - Plantation Employees (If NIC is not available)

      Required Documents

      • A letter issued by the Superintendent of the Estate confirming the applicant’s EPF number and a copy of the EPF Statement of the applicant.
      • A copy of the Proof of residency document as per the rules issued by the Financial Intelligence Unit of Sri Lanka.

      Note:  This type of accounts can be opened only for the purpose of sale of Plantation Employee Shares.

    • Resident - Internally Displaced Persons (IDP)

      Required Documents

      • A copy of the special identification document issued under the authority of the government should be submitted for purposes of identification and as proof of residency.
      • Alternatively, if the IDP does not possess the special identification document as above, a confirmation letter issued by the ‘Grama Sevaka’ of the area in which the IDP lives should be submitted.
      • A copy of the Birth Certificate or in the absence of a Birth Certificate, a Sworn Affidavit is acceptable.
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    • Non - Resident Individuals

      Required Documents

      • A copy of the valid Foreign Passport for Non-nationals /li>
      • Proof of residency document as per the Rules issued by the Financial Intelligence Unit of Sri Lanka
      • If a Non-national applicant wishes to open an account giving a local correspondence address that person should provide sufficient information regarding the correspondence address (e.g. Valid residential visa)
      • IIA (Inward Investment Account) account details with documentary proof.
      • If the account is to be opened using a Power of Attorney (POA) a copy of a valid POA is required

      Note:  A person resident in Sri Lanka is as defined by the No. 2045/56 Gazette relating to Foreign Exchange Act No.12 of 2017.

      Certification of non-resident applicants as per the FIU Guidelines

      • By a Sri Lankan diplomatic officer or Sri Lankan consular officer in the country where the documents were originally issued, or /li>
      • By a Solicitor, Attorney-at-Law, Notary Public, practicing in the country where the applicant resides, or
      • Broker. (Applicable only in respect of Individuals)
    • Non - Resident Sri Lankans

      In the event a resident Sri Lankan becomes a non-resident that person would have to open a new (Foreign) account. In such an instance, the following documents relating to opening a foreign Client account needs to be submitted.

      • Sri Lankan valid Passport.
      • Proof of residency document as per the Rules issued by the Financial Intelligence Unit of Sri Lanka
      • IIA (Inward Investment Account) / CTRA (Capital Transactions Rupee Account) details with documentary proof
      • If the account is to be opened using a Power of Attorney (POA) a copy of a valid POA is required

      Note:A person resident in Sri Lanka is as defined by the No. 2045/56 Gazette relating to Foreign Exchange Act No.12 of 2017.

      Certification of non-resident applicants as per the FIU Guidelines

      • By a Sri Lankan diplomatic officer or Sri Lankan consular officer in the country where the documents were originally issued, or
      • By a Solicitor, Attorney-at-Law, Notary Public, practicing in the country where the applicant resides, or
      • Broker. (Applicable only in respect of Individuals)
    • Non - Resident Corporates

      • Certificate of incorporation of the company or equivalent document, issued by the Registrar of Companies*
      • If the company has changed its name, certificate of name change issued by the Registrar of Companies*
      • Articles of association of the company or an equivalent
      • Certificate of Good Standing or an equivalent document issued within a period of one year by the Registrar of Companies*
      • Certified extract of the resolution passed by the Board of Directors to open the CDS account. In the alternative the company may provide a certification in the relevant section in the account opening form (CDS Form 2)
      • Certificate to Commence Business issued by the Registrar of Companies* (Where applicable)
      • A letter issued within 3-month period preceding the date of the application to the CDS from the Company Secretary confirming the names, addresses, occupations and passport numbers of Directors of the company.
      • If the company is listed in a regulated Stock Exchange only the names of directors and the name of the Stock Exchange (web site reference is sufficient) should be given
      • If the Director(s) is / are also a company the following should be furnished
        • Name of the director of the company
        • Date of Incorporation
        • Place of Incorporation
        • Registered address
      • A letter, issued within 3 months period preceding the date of the application to the CDS to from the company confirming the top 10 shareholders / members’ names and addresses. (Not applicable if the company is listed in a Stock Exchange. In such an instance web site reference will be sufficient)

      Note: If a person other than a Director of the company signs the CDS application form on behalf of the applicant company

        • A certified copy of the power of attorney / board resolution authorizing such persons to sign on behalf of the company
        • A copy of the NIC / Passport of such persons should be attached

      Certification of non-resident applicants as per the FIU Guidelines

        • By the Company Registry or similar authority, where the documents were originally issued (applicable for Corporate Bodies), or
        • By a Sri Lankan diplomatic officer or Sri Lankan consular officer in the country where the documents were originally issued, or
        • By a Solicitor, Attorney-at-Law, Notary Public, practicing in the country where the applicant resides, or
        • Custodian Bank, or
        • Global Custodian – The Custodian Bank should certify the authenticity of the signature of the Global Custodian

To confirm the opening of the account CDS will send an acknowledgement with the CDS Account number, to the email address given by you in the account opening application. If you have not received this, you may contact,

Mr. Shermal Perera
Deputy Manager - Documentation
011 5889822 / 077 776934
[email protected]

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