Monetary Board extends suspension on Perpetual Treasuries

The Monetary Board of the Central Bank has extended the suspension on controversial primary dealer Perpetual Treasury for a period of six months from January 5, 2018.

  “The Monetary Board of the Central Bank of Sri Lanka on 04th January 2018, 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 period of six months with effect from 4.30 p.m. on 05th January 2018, in order to continue the investigations being conducted by the Central Bank of Sri Lanka,” the Central Bank said yesterday.

 The suspension on Perpetual Treasuries was first implemented on July 6, 2017 for a period of six months.