The Central Bank is further relaxing foreign exchange regulations next month under its current policy of liberalising foreign exchange, as reserves improve and the new rules will include allowing fund transfers between NRFC accounts.
The June 30 deadline given to Registered Finance Companies (RFCs) for a stock market listing may be extended as most of these firms have not complied with this rule, Central Bank (CB) officials said. Only 15 of 36 RFCs have entered the Colombo Stock Exchange (CSE) following the CB ruling of listing all these finance companies by end June as part of its prudential regulation framework.
