Home / Front Page/ Perpetual Treasuries suspension extended

Perpetual Treasuries suspension extended


Comments / {{hitsCtrl.values.hits}} Views / Saturday, 5 January 2019 00:00


The Central Bank yesterday said the suspension of business of Perpetual Treasuries Ltd. had been extended for six months to facilitate ongoing investigations.  

The Monetary Board of the Central Bank, 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 from carrying on the business and activities of a Primary Dealer, the Central Bank said in a statement. 

The extension will be for a period of six months with effect from 4.30 p.m. today, in order to continue the investigations being conducted by the Central Bank. 

In July 2018, the Central Bank extended a suspension that was put in place in January that year. The ban was initially imposed in July 2017. 

 


Share This Article

Facebook Twitter


DISCLAIMER:

1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.

COMMENTS

Today's Columnists

Withering of expectations and prospects of new ones

Friday, 21 February 2020

The election of Gotabaya Rajapaksa as President at the last Presidential Election can be said to have been the ultimate wish of the majority of Sinhala Buddhist people. Yet, the people were not aware that the President they were electing does not hav


Upsurge of populism

Friday, 21 February 2020

“Populism: denies the pluralism of contemporary societies. It promotes hostility to “enemies” and flirts with violence. It is generally gripped by a territorial mentality that prioritises borders and nation states against ‘foreigners’ and


Diplomatic drone strike, Indo-Lanka equation and constitutional change

Thursday, 20 February 2020

The ‘diplomatic drone strike’, the dramatic US strictures against the Army Commander, Lt. Gen. Shavendra Silva, tells us that Big Brother IS watching. This isn’t the usual suspects, its way out of their league. This is the Big League, the big b


Solar and wind power can resolve electricity crisis, early and cheaper, if allowed

Thursday, 20 February 2020

The country is facing the worst power situation in the history, with electricity generation being unable to meet the demand, with generation costs among the most expensive in the world. With the current scenario, the country cannot be expected to com


Columnists More