Foreign Investors invest in Srilanka Security Market

An invitation to Open Securities Investment Account (SIA) to invest
in Sri Lanka Share Market/Government Treasury Bills /Treasury Bonds

You can open Securities Investment Account with Bank of Ceylon (BOC) to invest in Treasury Bills/Treasury Bonds issued by Government of Sri Lanka/Equity capital of companies incorporated in Sri Lanka /Units of Unit Trusts in Sri Lanka.

Following Investors are eligible to open  SIA with BOC 

• Foreign Institutional Investors such as Country Funds, Regional Funds, or Mutual Funds
• Corporate bodies incorporated outside Sri Lanka
• Citizens of foreign states whether resident in Sri Lanka or outside Sri Lanka
• Non-resident Sri Lankans
• Sri Lankan professionals living in Sri Lanka who receive inward remittances
• Dual citizens who receive inward remittances

Those who have already opened  following accounts can unify their accounts and renamed as SIA

• Share Investment External Rupee Account (SIERA)
• Treasury bond Investment External Rupee accounts (TIERA)
• Treasury bill Investment External Rupee accounts (TIERA 2)
• Treasury bonds/bills Investment External Rupee accounts (TIERA-D)

Permitted Credits to SIA

• Inward remittances received from abroad through banking system
• Transfer of funds from NRFC/FCBU/RNNFC accounts of the same account holder
• Sale proceeds realized out of sale or transfer of maturity of T-Bonds/T.Bills or any income realized by way of capital gain thereof
• Sale proceeds of share supported by documentary evidence (Broker’s Contract Notes and evidence of payments of tax etc.,) and dividends
• Dividend income on units of unit trusts net of tax supported by documentary evidence
• Proceeds on redemption of units net of tax supported by documentary evidence
• Commission related to share transaction with supporting evidence
• Liquidation proceeds of companies
• Interest received on T-bonds and
• Other all credit permitted on shares in terms of operating instructions No.06/02/12/2001 dated 06/11/2001 in respect of Stock Borrowings and Lending (SBL) transactions

Permitted Debits to SIA

• Payment for investment in shares/units of unit trusts/T.Bonds/T.Bills
• Outward remittances of sales redemption/maturity or liquidation proceeds of shares /units/ T.bonds/ T.bills and dividend of shares or units
• Payment to brokers, primary dealers, lead managers, management company of unit trust and bank charges
• Payment of local expenses of the account holder
• Transfer of funds to the accounts maintained by the account holder at FCBU
• All debit permitted in CBSL operating instruction number 06/02/12/2001 of 06.11.2001 in respect of SBL instruction on shares

• Transfer of funds between SIA of the same account holder shall be permitted
• SIA may be held jointly by eligible investors
• Eligible investors also can apply Repurchase/Reverse Repurchase transactions using T-bills/ bonds purchased under the scheme