Central Bank suspends business of Perpetual Treasuries for 6 months

July 06, 2017 (LBO) – The Monetary Board of the Central Bank of Sri Lanka on Thursday suspended Perpetual Treasuries Limited from carrying on the business and activities of a primary dealer for a period of six months.

The Central Bank said in a statement that the suspension which was enforced in terms of the regulations made under the registered stocks and securities ordinance and the local treasury bills ordinance will be effective from today.

“The Central Bank will take necessary measures to ensure that this regulatory action does not have a disruptive impact on the market,” the statement said.

“Action will also be taken to facilitate the handling of the interests of the customers and counterparties of Perpetual Treasuries Limited in an orderly manner.”