CB extends suspension on Pan Asia’s primary dealer unit

Jun 07, 2019 (LBO) – The Central Bank of Sri Lanka, acting in terms of the regulations made under the registered stock and securities ordinance and the local treasury bills ordinance, has decided to extend the suspension of business and activities of Pan Asia Bank’s primary dealer unit.

The suspension has been extended by a period of six months with effect from 10.00 a.m. on 15th February 2019, in order to continue the investigations being conducted by the Central Bank, the CBSL said in a statement.

The Central Bank wishes to emphasize that this regulatory action suspends PABC’s access to the primary auctions for government securities.

It does not affect any of the other activities/services of PABC, it added.