CBSL extends suspension on Perpetual Treasuries

January 5, 2025 04:54 pm

The Central Bank of Sri Lanka (CBSL) 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.

The suspension, effective from 4.30 p.m. on January 5, 2025, comes as investigations into the company’s activities continue under the Registered Stocks and Securities Ordinance and the Local Treasury Bills Ordinance.

PTL has been under scrutiny for its alleged involvement in irregularities within the government securities market, prompting the Central Bank to take measures to safeguard public confidence and market stability.

Disclaimer: All the comments will be moderated by the AD editorial. Abstain from posting comments that are obscene, defamatory or slanderous. Please avoid outside hyperlinks inside the comment and avoid typing all capitalized comments. Help us delete comments that do not follow these guidelines by flagging them(mouse over a comment and click the flag icon on the right side). Do use these forums to voice your opinions and create healthy discourse.