The Central Bank of Sri Lanka (CBSL) has announced the extension of the suspension of Perpetual Treasuries Limited (PTL) from engaging in the business and activities of a Primary Dealer for an additional six months.
The decision, made in accordance with the Regulations under the Registered Stock and Securities Ordinance and the Local Treasury Bills Ordinance, aims to facilitate ongoing investigations by the Central Bank.
The extension, effective as of 4:30 p.m. on Friday (Jan. 05), underscores the commitment of the CBSL to thoroughly examine the operations and conduct of Perpetual Treasuries Limited. This move comes as part of the regulatory efforts to ensure transparency and accountability in the financial sector.
Perpetual Treasuries Limited has been under scrutiny in connection with alleged irregularities in bond trading, and the suspension extension reflects the central bank's dedication to a comprehensive and impartial investigation. The CBSL has emphasized that the decision to prolong the suspension is crucial for maintaining the integrity of the financial system and fostering public confidence.
