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CB issues notice of licence cancellation to Central Investments & Finance

Nov 23, 2017 (LBO) – Monetary Board of the Central Bank has decided to issue a notice of cancellation of licence granted to Central Investments and Finance.
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The Monetary Board has taken this decision at its meeting held on 06.

11.2017 in terms of Section 37 (1) of the Finance Business Act No.
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42 of 2011 (FBA). According to a letter sent to the CSE, the Central Bank said the notice of cancellation was communicated to the company on 17.


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11.2017. Monetary Board, however, said the Company may tender objections in writing to the Board, in which case the Board may consider the objection and further action may be determined.
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Monetary Board of the Central Bank further stated that future regulatory actions will be informed in due course.
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