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Rule · CBSL · 7 Oct 2024 · Banking Act Direction No. 07 of 2024

Accommodation to Directors and Related Companies

credit

The Central Bank of Sri Lanka has revoked the March 2005 amendment to its directions governing accommodation extended to directors and related companies. This revocation implements the October 2024 Gazette Order issued under Sections 47 and 76K of the Banking Act. The updated framework establishes current regulatory requirements for director-related lending and credit facilities, replacing the previously superseded guidelines.

Sri LankaCentral Bank of Sri Lanka

CENTRAL BANK OF SRI LANKA

07 October 2024 | BANKING ACT DIRECTIONS | No. 07 of 2024

DIRECTIONS UNDER SECTION 76J (1) OF THE BANKING ACT NO. 30 OF 1988, AS AMENDED

ACCOMMODATION TO DIRECTORS AND RELATED COMPANIES

With the issuance of the Gazette No. 2404/33 dated 03.10.2024 on the Order published under Sections 47(4), 47(11B) and 76K of the Banking Act No. 30 of 1988, as amended, Amendment to the Directions under 76J (1) on Accommodation to Directors and Related Companies dated 17 March 2005 is hereby revoked.

(Signature)

Dr. P Nandalal Weerasinghe
Chairman of the Governing Board and
Governor of the Central Bank of Sri Lanka

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DIRECTIONS Directive No. 1 dated2005-03-17Not in RegAlertDIRECTIONS Directive No. 1 dated 2005-03-17 — Not in RegAlertAccommodation to Directors andRelated Companies2024-10-07 · this documentAccommodation to Directors and Related Companies (2024-10-07)
amendssupersedesissued underrefers todashed card: not in RegAlert (or proposed)arrows run from the older text to the one that changes it
The links and the sentences they come from (1)
Supersedes
  • DIRECTIONS Directive No. 1 dated 2005-03-17Not in RegAlert

    “Amendment to the Directions under 76J (1) on Accommodation to Directors and Related Companies dated 17 March 2005 is hereby revoked.”

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