Sri Lanka Central Bank extends suspension of Perpetual Treasuries for another 6 months

The Central Bank of Sri Lanka has extended the suspension of Perpetual Treasuries (PTL) from carrying on business activities as a primary dealer for another six months, the Bank said in a statement today.

The Central Bank suspended Perpetual Treasuries from carrying on business activities as a primary dealer on 6th July 2017.

“The Monetary Board on 04th January 2018, acting in terms of the Regulations made under the Registered Stock and Securities Ordinance and the Local Treasury Bills Ordinance, has decided to extend the suspension of Perpetual Treasuries Limited (PTL) from carrying on the business and activities of a Primary Dealer for a period of six months,” the statement said.

The suspension was extended in order to continue the investigations being conducted by the Central Bank, the statement added.

The suspension will be effective from 4.30 p.m. on 05th January 2018.

 

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