Regulatory Alerts2014-02-11 | Finance Leasing Act Regulation No. 1 of 2014Finance Leasing (Registration and Annual Licence Fees) Regulations No.1 of 2014
The President and Minister of Finance and Planning of Sri Lanka issued these regulations to establish capital requirements and fee structures for finance leasing establishments under the Finance Leasing Act No. 56 of 2000. The document mandates minimum paid-up capital of Rs. 250 million starting in 2014 and sets a Rs. 100,000 application fee alongside a Rs. 500,000 registration fee payable to the Central Bank of Sri Lanka. Furthermore, it imposes tiered annual licence fees ranging from Rs. 250,000 to Rs. 1,000,000 based on total assets, while revoking the previous 2010 regulations.
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