Regulatory Alerts2016-06-01 | 1969/17 (G)Amendment to the Money Broking Regulations No. 1 of 2013
The Monetary Board of the Central Bank of Sri Lanka issued regulations amending the Money Broking Regulations No. 1 of 2013 to mandate real-time transaction reporting. Authorised money broking companies must upload details of all quotes, bids, and intermediated transactions to the Central Bank's online interface within 30 minutes of execution. The Chief Executive Officer or dealing room officer is held responsible for this compliance, with fax submissions permitted only during system failures and required to be entered once the system is restored. These amendments became effective on June 1, 2016.
I fldgi ( ^I& fPoh - YS% ,xld m%cd;dka;s%l iudcjd§ ckrcfha w;s úfYI .eiÜ m;%h - 2016'03'11 PART I : SEC. (I) - GAZETTE EXTRAORDINARY OF THE DEMOCRATIC SOCIALIST REPUBLIC OF SRI LANKA - 11.03.2016 1A w;s úfYI wxl 1969$17 - 2016 cqks ui 01 jeks nodod- 2016'06'01 No. 1969/17 - WEDNESDAY, JUNE 01, 2016 EXTRAORDINARY Y%S ,xld m%cd;dka;%sl iudcjd§ ckrcfha .eiÜ m;%h The Gazette of the Democratic Socialist Republic of Sri Lanka (Published by Authority) PART I : SECTION (I) — GENERAL Central Bank of Sri Lanka Notices NOTICE OF THE CENTRAL BANK OF SRI LANKA REGULATIONS made by the Monetary Board of the Central Bank of Sri Lanka under Section 10(c) of the Monetary Law Act, No. 58 of 1949 (Chapter 422). LAKSHMAN ARJUNA MAHENDRAN, Chairman, Monetary Board of the Central Bank of Sri Lanka. Colombo, 31st May, 2016. MONEY BROKING REGULATIONS Amendment to the Money Broking Regulations No. 1 of 2013 1A 1.1 These Regulations shall be cited as Money Broking Regulations No. 1 of 2016. 2.1 Money Broking Regulations No. 1 of 2013 published in Gazette Extraordinary No. 1796/21 of 08 February, 2013 is hereby amended as follows : (1) by the repeal of regulation 20 and substitution therefor of the following new regulation : 20.1 Authorised money broking company shall upload information on each quote/bid provided to them by transacting parties and each transaction intermediated through a money broking company, not later than 30 minutes of such transaction through the on-line interface provided to such money broking companies by the Central Bank of Sri Lanka. 20.2 The Chief Executive Officer and/or the Officer-in-Charge of the dealing room of the money broking company shall be responsible for uploading the specified information stated herein within the specified time period. 20.3 Information on bids/quotes and transactions sent by faxes shall be entertained only in the event of a failure of the on-line bidding system. However, such information should be uploaded into the system once the system is revived. 3.1 This amendment shall come into effect from 01st June, 2016. 06-467
- Citation
- Amendment to the principle regulation This Gazette Extraordinary can be downloaded from www.documents.gov.lk PRINTED AT THE DEPARTMENT OF GOVERNMENT PRINTING, SRI LANKA.
- Effective date