PTL suspension extended by Central Bank

Colombo (News 1st)-The Central bank of Sri Lanka extended the suspension of Perpetual Treasuries Limited from carrying out business activities today (Jan 4). 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, 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 2019, in order to continue the investigations being conducted by the Central Bank. The Monetary Board of CBSL initially suspended Perpetual Treasuries Limited (PTL) from carrying on the business and activities of a Primary Dealer with effect from 4.30 p.m. on 06th July 2017.