Media Room

Way Forward: Future Developments of the CDS

During an interview with the Lanka Business Online (LBO), Head of CDS, Mr. Nalin Fonseka explained how the Central Depository Systems (Pvt) Limited (CDS) is looking forward to introduce a fully-fledged electronic IPO and a voting system during this year.

Year 2016 is a corporate milestone for the CDS, as they celebrate the 25th year of operation since its inception.

Commemorating this, the CDS is currently working on several new projects. One being a project to upgrade the investor account opening process and the initiative will decentralize the said process and enable broker firms to open client accounts from their offices without sending the documents to the CDS.

The CDS eConnect is another such project, that will fulfill the objective of bridging the gap between investors and the CDS. eConnect will take accessing of CDS account transaction details to a new level.

“The improvements we make in future will be strictly stakeholder focused and will be in-line with the vision of the CSE”Mr.Nalin Fonseka further stated during the interview.

To view the full text of the interview – Click Here