RegAlert

Rule · CBSL · 4 Sep 2018 · Direction No. 8 of 2018

Amendment to Direction on Finance Companies Structural Changes

licensing

The Monetary Board of the Central Bank of Sri Lanka issued Finance Business Act Direction No. 08 of 2018 to amend existing regulations for licensed finance companies. This directive formally deletes Direction 3.1 of the Finance Companies (Structural Changes) Direction No. 01 of 2013 dated 07th June 2013. The changes became effective immediately upon the issuance of this direction on 04 September 2018.

Sri LankaCentral Bank of Sri Lanka

[Logo of the Central Bank of Sri Lanka]

MONETARY BOARD
CENTRAL BANK OF SRI LANKA

04 September 2018 | FINANCE BUSINESS ACT DIRECTIONS | No. 08 of 2018

AMENDMENT TO DIRECTION ON FINANCE COMPANIES (STRUCTURAL CHANGES) DIRECTION NO. 01 OF 2013

In terms of the powers conferred by section 12 of the Finance Business Act, No. 42 of 2011, the Monetary Board hereby issues following Direction to delete the Direction 3.1 of the Finance Companies (Structural Changes) Direction No. 01 of 2013 dated 07th June 2013 issued for Licensed Finance Companies in Sri Lanka.

  1. Applicability and Scope | This Direction may be cited as Finance Business Act Direction No. 08 of 2018.
  2. Deletion | The Direction 3.1 of the Finance Companies (Structural Changes) Direction No. 01 of 2013 dated 07th June 2013 is hereby deleted.
  3. Implementation | These Directions shall be effective from the date of these Directions.

[Signature]

Dr. Indrajit Coomaraswamy
Chairman of the Monetary Board and
Governor of the Central Bank of Sri Lanka

Note from RegAlert. AI assistants can read this document in full, and search 70,000+ more, through the RegAlert MCP connector (https://mcp.regalert.today/mcp). Free with an account. How to connect ChatGPT, Claude or Cursor.

More like this from CBSL

We email you every new CBSL publication the day it's published.

Source: Central Bank of Sri Lanka — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works

In RegAlert: added · updated