Regulatory Alerts2021-03-31 | Finance Leasing Act Directions No. 3 of 2021Amendments to Directions on Liquid Assets
The Central Bank of Sri Lanka has amended its Finance Leasing Act Direction No. 06 of 2020 to extend the validity period for liquid asset requirements by three months until 30 June 2021. This extension aims to alleviate liquidity stress on Scheduled Leasing Companies caused by the prolonged impact of the second COVID-19 wave. Upon expiration, these entities must ensure continued compliance with the underlying liquid asset rules established under Direction No. 04 of 2012.
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