Srilanka, June 25 -- The Colombo Stock Exchange (CSE) says that the Central Depository Systems (Pvt) Ltd (CDS), a subsidiary of the CSE, has announced new measures aimed at protecting dormant CDS accounts that have remained inactive for three years or more.

According to a statement issued by the CSE, the measure will involve a staggered suspension framework for dormant accounts, which can be re-activated at any time, quite easily by account holders, subject to updated KYC information.

CSE stated that this initiative, listed in CDS's latest circular, is designed to protect CDS account holders from fraud risks in dormant accounts in accordance with CDS Rule 3.10, to protect investors.

The statement said that it shall classify CDS acco...