Regulatory Alerts2022-06-20 | Payment and Settlement Systems Circular No. 03 of 2022Liability Manager Limits in LankaPay Common ATM Switch and Common Electronic Fund Transfer Switch
The Central Bank of Sri Lanka issued Payment and Settlement Systems Circular No. 03 of 2022 to revise the multi-tiered Liability Manager limit structure for the Common ATM Switch and Common Electronic Fund Transfer Switch. The regulation establishes specific minimum liability limits for Primary Members categorized into three tiers and formally includes the National Savings Bank within this framework. These revised limits replace Circular No. 19 of 2020 and became effective on 27 June 2022.
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