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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » EPF reiterates that it has followed Investment Policy Guidelines..

EPF reiterates that it has followed Investment Policy Guidelines..

2 posters

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Rizmi

Rizmi
Manager - Equity Analytics
Manager - Equity Analytics
The Employees' Provident Fund (EPF) states that all internal guidelines in relation to the assessment, analysis and investment in the stock market have been diligently followed.

This position has been publicly confirmed by the EPF on many previous occasions too, but regretfully, certain Members of Parliament of the Opposition, have chosen not to acknowledge such clarification, and have continued to allege that internal guidelines have been violated, as if no response has been received from the EPF.

In that context, the EPF wishes to once again firmly and categorically, state that its investments in the stock market have been made in accordance with internal guidelines and has had the approval of the Investment Committee and the ratification of the Monetary Board.

In this background, it is now clear that this repeated allegation that is being made by certain Members of Parliament of Opposition is without foundation.

Therefore, this unfounded allegation could be categorized as a part of a systematic attempt which is designed to provoke a disturbance to the stability of the financial system, since the EPF is a substantial element of the total financial system. Accordingly, the public is advised not to be misled by these unfounded and politically motivated allegations.

http://www.dailynews.lk/2012/06/07/bus11.asp

market bull

market bull
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Very funny...Their investment committee has analyzed the GRAN nicely & recommended to buy at 210L.At least now they have to punish people who involved. Evil or Very Mad Evil or Very Mad

@Rizmi wrote:The Employees' Provident Fund (EPF) states that all internal guidelines in relation to the assessment, analysis and investment in the stock market have been diligently followed.

This position has been publicly confirmed by the EPF on many previous occasions too, but regretfully, certain Members of Parliament of the Opposition, have chosen not to acknowledge such clarification, and have continued to allege that internal guidelines have been violated, as if no response has been received from the EPF.

In that context, the EPF wishes to once again firmly and categorically, state that its investments in the stock market have been made in accordance with internal guidelines and has had the approval of the Investment Committee and the ratification of the Monetary Board.

In this background, it is now clear that this repeated allegation that is being made by certain Members of Parliament of Opposition is without foundation.

Therefore, this unfounded allegation could be categorized as a part of a systematic attempt which is designed to provoke a disturbance to the stability of the financial system, since the EPF is a substantial element of the total financial system. Accordingly, the public is advised not to be misled by these unfounded and politically motivated allegations.

http://www.dailynews.lk/2012/06/07/bus11.asp

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