Monetary Board suspends Perpetual Treasuries for 6 months
July 6, 2017 05:06 pm
The Monetary Board of the Central Bank of Sri Lanka has decided to suspend Perpetual Treasuries Limited (PTL) from carrying on the business and activities of a Primary Dealer for a period of six months.
“The Monetary Board of the Central Bank of Sri Lanka on July 06, acting in terms of the Regulations made under the Registered Stocks and Securities Ordinance and the Local Treasury Bills Ordinance, has decided to suspend Perpetual Treasuries Limited (PTL) from carrying on the business and activities of a Primary Dealer for a period of six months with effect from 4.30 p.m. on July 06, 2017.”
Issuing a statement, the Central Bank said that it will take necessary measures to ensure that this regulatory action does not have a disruptive impact on the market.
“Action will also be taken to facilitate the handling of the interests of the customers and counterparties of PTL in an orderly manner,” it said.
