July 06, Colombo (LNW): The Central Bank of Sri Lanka (CBSL) has prolonged its prohibition on Perpetual Treasuries Limited (PTL) from functioning as a Primary Dealer, extending the ban for a further six months beginning at 4.30 p.m. on July 05, 2025.
This latest decision, made public through an official announcement, comes under the purview of the Registered Stock and Securities Ordinance alongside the Local Treasury Bills Ordinance—two key legislative frameworks that govern market operations in the island nation.
According to the CBSL, this extension will provide additional time to pursue ongoing investigative efforts into PTL’s financial dealings.
PTL has remained at the centre of scrutiny since its suspension in 2017 following serious allegations tied to a high-profile government bond issuance scandal that rocked Sri Lanka’s financial and political spheres.
The firm, which once held a prominent position in the country’s government securities market, has seen its reputation diminished as details of the alleged misconduct came to light.
