The Colombo Stock Exchange's decision to charge a fee from investors to look at company financial reporting is a deplorable decision.
No sensible person will invest in any company shares, without first looking at their financial standing.
Only punters will go there basing on what they have picked up in the grapevine.
If law requires all listed companies to submit their financials within a stipulated time frame and failing that means to shift different boards until the company complies with it means the authorities are keen in protecting the investors.
At a time when the Colombo Stock Market is struggling keep its head just above the sinking line, decisions of this nature will keep investors but companies who are willing to list there too think twice before going in.
Unless of course, if they want this turn into a Cock Fighting Arena and give manipulators the upper hand, they should rethink about their latest decision and do the needful immediately, before it does irreparable damage to the market and the reputation of it.
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