The Monetary Board of the Central Bank of Sri Lanka has decided to revoke the suspension of licensed primary dealer NatWealth Securities Limited.
The Central Bank in a statement said the Monetary Board acting in terms of the Local Treasury Bills (Primary Dealers) Regulations No. 01 of 2009 and the Registered Stock and Securities (Primary Dealers) Regulations No. 01 of 2009, had taken the decision to lift the suspension of NatWealth Securities Limited from carrying on the business and activities of a primary dealer.
The lifting of the suspension was effective from 4.30 p.m. on 30th November 2019.
The Monetary Board, having considered the continuous failure to comply with directions applicable to primary dealers, decided to suspend NatWealth Securities from carrying on the business and activities of a primary dealer for a period of six months effective from May 31, 2019.