Regulatory Alerts2016-10-26 | Circular No. 35/03/016/007/001Consolidated Operating Instructions on Market Operations
The Central Bank of Sri Lanka issued Circular No. 35/03/016/007/001 to consolidate ten previous operating instruction circulars into a single document for enhanced clarity. This consolidation incorporates specific changes requested by market participants, particularly regarding the cut-off times for standing facilities and instruments under open market operations. All participating institutions are required to comply with these consolidated instructions effective from 01 November 2016.
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Circular No. 35/03/016/007/001
26 October 2016
To: All Participating Institutions
Consolidated Operating Instructions on Market Operations
Since the commencement of active open market operations in 2003, a number of operating instruction circulars on market operations have been issued from time to time. With a view to reducing number of such circulars, enhancing clarity and to suit current market conditions it was decided to consolidate all such circulars on market operations into one document.
Accordingly, ten operating instructions have been consolidated while incorporating certain changes requested by the market participants. These changes relate to the cut off time of standing facilities and instruments under open market operations.
All participating institutions are hereby required to comply with the attached consolidated operating instructions on market operations with effect from 01 November 2016.
(Signature) P W D N R Rodrigo Director/ Domestic Operations