Perpetual suspended for six months as Primary Dealer

Action will also be taken to facilitate the handling of the interests of the customers and counterparties of PTL in an orderly manner. (Colombo Gazette) The Monetary Board of the Central Bank of Sri Lanka acting in terms of the Regulations made under the Registered Stocks and Securities Ordinance and the Local Treasury Bills Ordinance, has decided to suspend Perpetual Treasuries Limited (PTL) linked to Arjun Aloysius, son-in-law of former Central Bank Governor, Arjuna Mahendran, 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 06th July 2017.The Central Bank will take necessary measures to ensure that this regulatory action does not have a disruptive impact on themarket.