Regulatory Alerts2021-03-31 | Finance Business Act Directions No.03 of 2021Added · Updated
Amendments to Directions on Liquid Assets
The Monetary Board of the Central Bank of Sri Lanka has issued amendments to liquid asset directions for Licensed Finance Companies (LFCs) to mitigate liquidity stress from the second wave of the COVID-19 pandemic. The directive extends the validity of Directions 2, 3, and 4.1 for three months until 30 June 2021, allowing LFCs additional time to manage liquidity pressures. LFCs must implement necessary measures to fully comply with the original liquid assets requirement under Direction No. 04 of 2013 once this three-month extension expires.
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