Sri Lanka planned to execute the DDO/DDR within a month as it does not apply to a wider range of investors. Most of the Government securities proposed for restructuring are held by EPF/ ETF/CBSL and SLDBs within a few banks.
But out of Superannuation funds, EPF holds 80%, ETF 11%, and Public Service Provident Fund 2%. It is learned that about 117 small-scale approved Pension and Provident Funds (APPFs) exist that are managed by the private sector as of the end of 2022.
Meanwhile, out of SLDBs 87.5% are held by local banks and the rest is with domestic and non-resident institutions and individuals.