January 06, Colombo (LNW): The Central Bank of Sri Lanka has announced an extension of the suspension imposed on Perpetual Treasuries Limited (PTL) from operating as a Primary Dealer.
The suspension will remain in effect for an additional six months, starting at 4.30 p.m. today, as investigations into the company continue.
The Central Bank’s decision is based on the regulations established under the Registered Stock and Securities Ordinance, as well as the Local Treasury Bills Ordinance, which empower the financial authority to take such actions when necessary to protect the integrity of the financial system.
Perpetual Treasuries Limited was initially suspended on July 06, 2017, following concerns regarding its operations. Since then, the suspension has been extended periodically, every six months, to allow the completion of ongoing investigations.
The Central Bank said it remains firm in its commitment to maintaining a robust and compliant financial sector, with measures in place to ensure that all market participants adhere to the necessary legal and regulatory frameworks.
