Regulatory Alerts2019-09-05 | Circular No. 35/03/016/007/003Revised Time Schedule for Open Market Operations
The Central Bank of Sri Lanka issued Circular No: 35/03/016/007/003 to establish a revised time schedule for auctions under Open Market Operations. The new schedule mandates that Overnight and Short-Term Repurchase auctions for Licensed Commercial Banks and the Employees’ Provident Fund occur between 10:00 and 10:30 hrs, while Liquidity Support Facility auctions for Standalone Primary Dealers are scheduled from 11:00 to 11:30 hrs. This revised schedule becomes effective on 06 September 2019, requiring all participating institutions to comply with these specific auction and settlement times.
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## දිව්යාංගික මුද්රාව වාර්තාව
### CENTRAL BANK OF SRI LANKA
**සුරියා සිතියුම් හිතුවා**
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**ආර්ථික සැලකිල්ලෙන් සිටින ප්රධාන අංශය**
**ආර්ථික සැලකිල්ලෙන් සිටින ප්රධාන අංශය**
**Domestic Operations**
**Department**
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**Circular No: 35/03/016/007/003**
**05 September 2019**
**To: CEOs of All Participating Institutions**
## Revised Time Schedule for Open Market Operations
The revised time schedule for auctions under Open Market Operations (OMOs) is as follows:
| Type of Auction | Auction Time | Settlement of First Leg |
|------------------|--------------|--------------------------|
| Overnight/Short-Term Repurchase and Overnight/Short-Term Reverse-Repurchase auctions for Licensed Commercial Banks and Employees’ Provident Fund | 10:00 hrs – 10:30 hrs | 13:15 hrs on the same day |
| Liquidity Support Facility (LSF) for Standalone Primary Dealers | 11:00 hrs – 11:30 hrs | 13:15 hrs on the same day |
The revised time schedule will be effective from 06 September 2019. Auction hours for other auctions under OMOs will remain unchanged.
All Participating Institutions are required to comply with the above time schedule.
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**Director/ Domestic Operations**
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**අංක 30, ජනාධිපති මාවත**
**තැපැල් 590, කොළඹ 01, ස්වාධීන ස්වාධීන**
**+94 112 477036**
**+94 112 346287**
**ddod@cbsl.lk**
**www.cbsl.gov.lk**
**Level 7, Tower 2**
**No. 30, Janadhipathi Mawata**
**P.O. Box 590, Colombo 01, Sri Lanka**
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