Fri, 30 Jul 2021 Today's Paper

NatWealth Securities suspended for 6 months

3 June 2019 12:02 am - 0     - {{hitsCtrl.values.hits}}

A A A

The Central Bank last Friday said it was suspending business activities of primary dealer NatWealth Securities Limited (NWSL) for six months starting from June 1, 2019.


The Monetary Board of the Central Bank had arrived on the decision considering NWSL’s “continuous failure to comply with directions applicable to primary dealers, acting in terms of the regulations specified under the Registered Stocks and Securities Ordinance and the Local Treasury Bills Ordinance.”


The Central Bank said it would take necessary measures to ensure the regulatory action on NWSL did not have a disruptive impact on the government securities market.

“Action will also be taken to facilitate the handling of the interests of the customers and counterparties of NWSL in an orderly manner,” the Central Bank said.       


NWSL was established under the Mahapola Higher Education Scholarship Trust Fund.

 

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

  Comments - 0

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 


Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment


JR Jayewardene and the July 1983 Anti-Tamil Violence

July 24, 1983 was the day on which a destructive spree of anti-Tamil violence

“Medamulana Dynasty”: Four Sons and Three Grandsons of Don Alvin Rajapaksa

Basil Rohana Rajapaksa was sworn in as Finance minister in the Government of

Site survey near Akasa Chaitya: Is it the end of Yala?

The Yala National Park has been at the receiving end of human disturbances fr

Basil Rajapaksa’s catch 22 situation

Sri Lankan politics has been a good deal of family business. It was not even



See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.