CB extends Perpetual Treasuries suspension

The Central Bank yesterday said it was extending the suspension of primary dealer Perpetual Treasuries in order to continue with investigations being carried out by the monetary authority.     

The Monetary Board of the Central Bank of Sri Lanka, acting in terms of the regulations made under the Registered Stock and Securities Ordinance and the Local Treasury Bills Ordinance, has decided to extend the suspension of Perpetual Treasuries Ltd. (PTL) from carrying out the business and activities of a primary dealer for a period of six months with effect from 4.30 p.m. on 5 January, in order to continue the investigations being conducted by the Central Bank of Sri Lanka, the Central Bank said in a statement yesterday.