Regulatory Alerts2023-07-20 | Circular No. 3 of 2023Liability Manager Limits for LankaPay Common ATM Switch and Common Electronic Fund Transfer Switch
The Central Bank of Sri Lanka issued Payment and Settlement Systems Circular No. 03 of 2023 to revise the minimum Liability Manager Limits for the Common ATM Switch and Common Electronic Fund Transfer Switch. The circular establishes tiered minimum limits based on Primary Member categories and mandates that participants ensure adequate limits to facilitate smooth transaction settlement. These revised requirements replace the previous 2022 circular and become effective on 02 August 2023.
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