The Central Bank of Sri Lanka (CBSL) has announced the extension of the suspension on Perpetual Treasuries Limited (PTL) from conducting business as a Primary Dealer for an additional six months.

The suspension, which takes effect at 4.30 p.m. on 5 January 2025, follows ongoing investigations into the company’s activities under the Registered Stocks and Securities Ordinance and the Local Treasury Bills Ordinance.

PTL has faced scrutiny over alleged irregularities in the government securities market, prompting the Central Bank to act in the interest of maintaining public confidence and ensuring market stability.