The Central Bank of Sri Lanka has announced an extension of the suspension of Perpetual Treasuries Limited (PTL) from operating as a primary dealer. This extension will last for an additional six months, commencing on January 5. The decision was made under the Registered Stock and Securities Ordinance and the Local Treasury Bills Ordinance, in order to allow ongoing investigations to continue.
The Central Bank stated, “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 Limited (PTL) from carrying on the business and activities of a Primary Dealer for a further period of six months with effect from 4.30 p.m. on 05th January 2026, in order to continue the investigations being conducted by the Central Bank of Sri Lanka.”
Perpetual Treasuries, which holds a central bank license to deal in government bonds, has faced multiple suspensions following the discovery of a bond scam that spanned from 2006 to 2016.
(Colombo/Jan6/2025)
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