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CBSL notice on primary dealership

August 17, 2017

We have been advised by the Central Bank of Sri Lanka that Pan Asia Banking Corporation’s Primary Dealer license has been suspended for six month under the provisions of Registered Securities Ordinance with effect from 15th August 2017.

Pan Asia Bank wishes to clarify to the general public that this action restricts only the bank’s access to the primary auctions for government securities.

Further, Pan Asia Bank wishes to emphasize that the bank’s regular banking activities or its ability to deal in government securities in the secondary market are not impacted or limited in any manner due to the above regulatory action of Central bank of Sri Lanka.