Suspension on Perpetual Treasuries further extended

 The suspension on Perpetual Treasuries Limited (PTL) from carrying on the business and activities of a Primary Dealer has been further extended, the Central Bank announced yesterday. 
Acting in terms of the Regulations made under the Registered Stock and Securities Ordinance and Local Treasury Bills Ordinance, the financial sector regulator said a decision was made to suspend the controversial primary dealer from operating for a further six months, with effect from January 5, 2024.
The suspension was extended to facilitate the investigations being conducted by the Central Bank of Sri Lanka. 
The Central Bank first suspended the business of PTL on July 6, 2017 and since then, the suspension has been extended every six months up to now.
PTL is at the centre of an investigation into possible irregularities at a government bond sale in 2015.