Suspension of Perpetual Treasuries Limited further extended

The Central Bank of Sri Lanka (CBSL) has announced the extension of the suspension of Perpetual Treasuries Limited (PTL) from engaging in the business and activities of a Primary Dealer for an additional six months. 

This decision, made under the regulations of the Registered Stock and Securities Ordinance and the Local Treasury Bills Ordinance, will take effect from 4:30 p.m. on January 5, 2025.

The extension aims to facilitate the continuation of ongoing investigations by the CBSL into PTL’s activities. 

PTL has been under scrutiny following allegations of misconduct in the issuance and trading of government securities.