Recording of Unique Identification Numbers of Depositors

MONETARY BOARD CENTRAL BANK OF SRI LANKA 02 September 2022 FINANCE BUSINESS ACT DIRECTIONS No. 03 of 2022

RECORDING OF UNIQUE IDENTIFICATION NUMBERS OF DEPOSITORS

1. Legal provisions 1.1 In terms of the powers conferred by Section 12 of the Finance Business Act, No. 42 of 2011, the Monetary Board of the Central Bank of Sri Lanka introduces these directions on recording of Unique Identification Numbers (UINs) of the depositors of all finance companies (FCs) licensed under the Finance Business Act, No. 42 of 2011.

2. Objectives of the directions 2.1 This Direction is issued to mandate recording of UINs of depositors of all FCs to facilitate the compiling of information by the Sri Lanka Deposit Insurance and Liquidity Support Scheme and strengthen the soundness and integrity of the information management process for key policy decisions of the financial sector.

3. Recording of the UIN of the Depositor 3.1 All FCs shall record and report the UIN for each depositor in their core information systems as illustrated in Table 1 of Annexure I.

4. Effective date 4.1 The Directions will be effective from 01.10.2022. Accordingly, all FCs shall comply with the requirements of these Directions with effect from 01.10.2022 for all new depositors subject to the transitional provisions stated in Section 5 below.

5. Transitional provisions 5.1 All FCs shall complete recording of UINs of all existing depositors in terms of these Directions by 31.12.2023.

(Signature) Dr. P Nandalal Weerasinghe Chairman of the Monetary Board and Governor of the Central Bank of Sri Lanka

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Annexure I TABLE 1: UNIQUE IDENTIFICATION NUMBERS FOR EACH CATEGORY OF DEPOSITORS OF FC

#	Type of Depositor	Type of Identification Number	Remarks
1	Individuals
1.1	Sri Lankan citizens	National Identity Card (NIC) Number	FCs can accept Driving License or Passport of the depositor to open accounts, but it is compulsory to record NIC number in their systems
1.2	Sri Lankan citizens (residing outside Sri Lanka/PR holders/TR holders), Sri Lankan dual citizens (residing in Sri Lanka), Sri Lankan dual citizens (residing outside Sri Lanka)	NIC Number	Sri Lankan Passport number can only be used when NIC has been temporarily surrendered by a depositor.
1.3	Non-Sri Lankan citizens	Foreign Passport Number	Including foreign nationals of Sri Lankan origin (residing outside Sri Lanka), Foreign nationals on temporary visit to Sri Lanka or intending to visit Sri Lanka, Foreign Diplomats
1.4	Minor Depositors	Date of Birth + Birth Certificate number Eg : Date of Birth: 2005 January 7th (2005.01.07) Birth Certificate Number: 0325 2 0 0 5 0 1 0 7 0 3 2 5	Date of Birth followed by the Birth Certificate Number in the same field to create a 12-digit number
2	Institutions
2.1	Companies registered under the Companies Act	Company Registration Number	-
2.2	Non-Governmental organizations	Registration number issued by the National Secretariat for Non-Governmental organizations	-
2.3	Institutions registered under divisional/local government bodies such as proprietorships/partnerships/joint ventures etc.	Business Registration Number	-
2.4	All other entities such as Clubs, Associations, Societies etc.	Registration number issued by the relevant authorities	-