- Last Update 2024-07-18 23:24:00
Errant NatWealth Securities Ltd suspended by the Central Bank
NatWealth Securities Ltd, a primary securities market dealer, has been suspended from June 1 by the Central Bank (CB) owing to its persistent failure to follow directions of the banking regulation.
A CB statement on Monday said that the CB Monetary Board “having considered the continuous failure to comply with the directions applicable to NatWealth Securities Ltd a Primary Dealer, acting in terms of the Regulations made under the Registered Stocks and Securities Ordinance and the Local Treasury Bills Ordinance, has decided to suspend the company from carrying on the business and activities of a Primary Dealer for a period of six months with effect from 01.06.2020”.
The CB said it will take necessary measures to ensure that this regulatory action does 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 the said company in an orderly manner.
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- July 11, 2024 - 1271 - 0
Colombo Fort Magistrate interdicted
The Judicial Service Commission (JSC) has interdicted Colombo Fort Magistrate Kosala Senadheera.
- July 16, 2024 - 319 - 0
MP on open warrant turns up at school event
Mr. Ali Sabri Rahim, a Member of Parliament (MP) for Puttalam District whom an open warrant had been issued, attended a public ceremony at Al Aksha National School in Kalpitiya today (16) as the special guest of honor.
- July 12, 2024 - 278 - 0
SC refuses interim order on Judges appointments
The Supreme Court today refused interim relief in an application filed by President’s Counsel Senaka Walgampaya seeking an Order from the Supreme Court compelling the President to appoint judges to fill the existing vacancies in the Court Of Appeal.
- July 10, 2024 - 277 - 0
Deadline extended for G.C.E. A/L applications
The deadline for online applications to the 2024 G.C.E. Advanced Level (A/L) Examination has been extended until July 12, the Department of Examinations said.
- July 12, 2024 - 191 - 0
Gazette on new speed limit regulations to be issued within two weeks
Gazette on new speed limit regulations to be issued within two weeks
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