Suspension on Perpetual Treasuries extended by further 6 months

The Central Bank yesterday extended the suspension on controversial primary dealer Perpetual Treasuries Limited by another six months.
The Central Bank first suspended the business of Perpetual Treasuries on July 6, 2017 and since then, the suspension has been extended every six months up to now.
Perpetual Treasuries is at the centre of an investigation into possible irregularities at a government bond sale in 2015.
 
“The Monetary Board of the Central Bank of Sri Lanka, acting in terms of the Regulations made under the Registered Stock and Securities Ordinance and 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 further period of six months, with effect from 4:30 p.m. on July 5, 2023, in order to continue the investigations being conducted by the Central Bank of Sri Lanka,” the Central Bank said in a brief statement, yesterday.

 “The Monetary Board of the Central Bank of Sri Lanka, acting in terms of the Regulations made under the Registered Stock and Securities Ordinance and 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 further period of six months, with effect from 4:30 p.m. on July 5, 2023, in order to continue the investigations being conducted by the Central Bank of Sri Lanka,” the Central Bank said in a brief statement, yesterday.