Regulatory Alerts2020-03-25 | Explanatory Note No. 1 of 2020Interpretations for Circular No. 04 of 2020 on Relief Measures to Assist COVID-19 Affected Businesses and Individuals
The Central Bank of Sri Lanka issued Explanatory Note No. 01 of 2020 to clarify the implementation of relief measures for businesses and individuals affected by the COVID-19 outbreak. Financial institutions are mandated to accommodate customer requests for moratorium relief under items 1 and 2 of the original circular until April 30, 2020, and must finalize these arrangements within 45 days. Additionally, all branches are required to remain open from 8:00 a.m. to 1:00 p.m. on non-curfew days while operating with a minimum number of employees.
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