APD Round 1 - Regulations, Directions and Guidelines

The Monetary Board of the Central Bank decided in January 2019 that foreign investments

in treasury bills and bonds will be limited to:

• 5 per cent of the outstanding Treasury bills and 5 per cent of Treasury bonds separately.

• 10 per cent of the outstanding Treasury bills and 10 per cent of Treasury bonds separately.

• 5 per cent of the outstanding Treasury bills and Treasury bonds.

• 10 per cent of the outstanding Treasury bills and Treasury bonds.

The registered stock and securities ordinance No. 7 of 1937 (and subsequent amendments) deals with:

I. Registered Stock    II. Government Promissory notes   III. Treasury Bills    IV. Treasury Bonds

• All of the above

• I, II and IV  

• II, III and IV    

• I, III and IV  

As per circular on Government Securities Trade Reporting dated 26^th March 2021, which of the following trades are to be reported daily, to the FInNet system on the date of settlement?

I. Proprietary Trades     II. Client trades     III. Repo trades       IV. Outright Trades

• I only

• I, II and IV    

• I and IV     

• All of the above

As per the customer charter for PD’s issued by CBSL in 2013, which statement is true

when dealing with a person acting for a customer under a power of attorney?

• Obtain a certified copy of the power of attorney

• Ensure the power of attorney allows the person to act on customer's behalf

• Operate within the limitations of the power of attorney

• All of the above

The customer charter for Primary Dealers (PD) issued by CBSL in 2013 states that in the event a personal customer is identified as a “Vulnerable Customer” the PD must ensure that:

• The customer is accompanied by a lawyer

• Is provided with reasonable arrangements and assistance that may be necessary

• The customer is capable of placing signatures on his/her own

• Is accompanied by his/her spouse, if married

As per the customer charter issued for PD’s by CBSL in 2013, what is the period of notice a PD must provide to a customer in the event they intend to cease operations, merge with another or transfer its business to another PD?

• 14 working days

• 1 Month

• 2 Months

• 6 Months

Directions on Primary issuance of Treasury Bills issued on the 07^th of this month deal with the revised methodology on Phase II subscriptions. Which of the following statements is true?

• Volume for bidding will be any aggregate shortfall at phase I and 20% of the aggregate amount offered

• Volume for bidding will be the shortfall for the specific tenor at phase I or 10% of the aggregate amount offered whichever is higher

• Volume for bidding will be any aggregate shortfall at phase I and 10% of the aggregate amount offered plus Rs. 5.0 billion

• Volume for bidding will be any aggregate shortfall at phase I and 10% of the aggregate amount offered or Rs. 5.0 billion whichever is higher  

As per section 6.4, of the Registered stock and securities ordinance and local treasury bills directions No.01 of 2019, dealing with Repos and Reverse Repos, the compliance officer must report the compliance to these directions to the Board of Directors at what frequency?

• At least monthly

• At least quarterly

• At least biannually    

• At least annually           

As per section 6.4, of the Registered stock and securities ordinance and local treasury bills directions No.01 of 2019, dealing with Repos and Reverse Repos, the Director of Bank Supervision may impose a penalty for the difference, if there is a shortfall between actual market value of securities and required market value of securities allocated for Repos and Reverse Repos. What is the penalty rate?

• 2%

• 4%

• 6%

• 8%

The Monetary Policy Report of CBSL released in February this year carries a fan chart for projected quarterly CCPI inflation year on year. The data leading up to Q4 2022 is calculated on base year 2013, whilst the rest of the data is calculated on the revised CCPI base year. What is the base year of the current CCPI calculation?

• 2015

• 2020

• 2021

• 2023