The Monetary Board of the Central Bank of Sri Lanka has decided to extend the suspension from carrying on the business and activities of a primary dealer by Pan Asia Banking Corporation PLC (PABC) for a period of six months with effect from 10 a.m. of February 15,2018.
This is acting in terms of the regulations made under the Registered Stock and Securities Ordinance and the Local Treasury Bills Ordinance. This is to continue the investigations, being conducted by the Central Bank of Sri Lanka.
The Central Bank wishes to emphasize that this regulatory action restricts PABC’s access to the primary auctions for government securities. It does not affect any of the other activities, services of PABC.
www.dailynews.lk
This is acting in terms of the regulations made under the Registered Stock and Securities Ordinance and the Local Treasury Bills Ordinance. This is to continue the investigations, being conducted by the Central Bank of Sri Lanka.
The Central Bank wishes to emphasize that this regulatory action restricts PABC’s access to the primary auctions for government securities. It does not affect any of the other activities, services of PABC.
www.dailynews.lk
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