Regulatory Alerts2026-01-13 | Regulations No. 01 of 2025Money or Value Transfer Service Providers Regulations No. 1 of 2025
The Minister of Finance, Planning and Economic Development of Sri Lanka issued these regulations to amend the Money or Value Transfer Service Providers Regulations No. 1 of 2024 under the Payment and Settlement Systems Act. The amendments establish a minimum capital requirement of Rs. 15 million or USD 200,000 for applicants, prohibit agents from engaging in unauthorized financial activities, and mandate that existing unlicensed providers apply for registration by March 31, 2026. These regulations officially come into effect on December 31, 2025, and impose strict naming restrictions and structural change notification requirements on registered providers.
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