Central Bank Extends Ban on Perpetual Treasuries

The Central Bank of Sri Lanka (CBSL) has prolonged the suspension of Perpetual Treasuries Limited (PTL) from operating as a Primary Dealer by another six months.

The extension, effective from 4:30 p.m. on 5 January 2025, is tied to ongoing inquiries under the provisions of the Registered Stocks and Securities Ordinance and the Local Treasury Bills Ordinance.

PTL remains under investigation for alleged misconduct in the government securities market, with the CBSL citing the need to uphold market integrity and protect public trust as key reasons for the continued suspension.