Finance Deadline

May 31, 2011 (LBO) - Sri Lanka's central bank said 15 regulated finance companies have so far listed themselves on the Colombo Stock Exchange in response to a direction by the Central Bank and other are on the way.

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The Central Bank has set a deadline of June 30 for listings to be completed.

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The regulator said four registered finance companies have been given the nod to list by the stock exchange and applications of other firms are being reviewed.

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Several of the smaller finance companies are closely held family firms and there have been very little trading on some of the recent listings.

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But active trading has been seen in others.