Securities market to be introduced as a subject in education curriculum from 2023

The securities market is to be introduced as a subject to the student education curriculum from the year 2023, the Securities and Exchange Commission 
(SEC) announced. 

The initiative is being materialised as a result of joint collaboration between the National Institute of Education 
(NIE) and SEC. 

Accordingly, SEC Chairman Viraj Dayaratne revealed that the securities market would be included in the school curriculum from grade six onwards.

“I am pleased to state that our proposals have been well received and we have been informed that relevant content will be included in the school curriculum from grade six onwards, at the time of the revision of the school curriculum in 2023 as well as when revising the university syllabubs,” he said.

While the country has high print literacy rates equivalent to the more developed countries, financial literacy of the population remains weak in the country. 

According to available data, the financial literacy rate in Sri Lanka is estimated at 35 percent while it remains at an average of 65 percent in more developed economies

Therefore, Dayaratne stressed that it is critical to instil in schoolchildren as well as university students on the importance of concepts such as savings and investments and also the role and benefits of 
the capital market.