Pushing back on the claims that the recent bout of inflation is caused by the unprecedented liquidity injections made into the system, the Central Bank said it had recognised the need to shrink its treasury bill holdings in a methodical manner, without disturbing the price and financial system stability.
The new Securities and Exchange Commission Act No. 19 of 2021 (‘the Act’) has been certified by the Speaker on 21st September 2021 and has thus become law. It repeals and replaces the Securities and Exchange Commission Act No. 36 of 1987.