RegAlert2016-07-25 | Banking Act Determination No.1 of 2016Added · Updated
Annual Licence Fee for Licensed Commercial and Specialised Banks
The Monetary Board of the Central Bank of Sri Lanka has determined annual licence fees for licensed commercial and specialised banks under Sections 8 and 76D(6) of the Banking Act. Banks must pay these fees by 31 January 2017 based on their total assets as of the end of 2016, with charges scaling from Rs. 2.2 million to Rs. 30 million across seven asset tiers. The structured schedule ensures larger institutions contribute proportionally more, requiring banks exceeding Rs. 750 billion to pay the maximum fee while those under Rs. 25 billion remit the minimum.
CBSL published 2 documents in the last 30 days — get each new one by email the day it lands.
'25 July 2016
MONETARY BOARI)
CENTRAL BANK OF SRI LANKA
BANKING ACT DETERMINATIONS No.01 of20l6
ANNUAL LICENCE FEE OF
LICENSED COMMERCIAL BANKS AND LICENSED SPECIALISED BANKS Determination made by the Monetary Board of the Central Bank of Sri Lanka under Sections 8 and 76D(6) of the Banking Act, No. 30 of 1988, as amended. In terms of Sections 8(l) and 76D(6) of the Banking Act, the Monetary Board has determined that every licensed commercial bank and licensed specialised bank shall pay the licence fee in respect of the calendar year 2017 to the Central Bank of Sri Lanka on or before 31't day of January of 2017, based on the total assets of such bank as at end of 2016 as set out in the
table below.
Total Assets as at the end of 2016 (Rs. Bn)
Licence Fee
(Rs. Mn)
Above 750 30.0
Above 500 to 750 2s.0
Above 200 to 500 22.0
Above 125 to 200 16.5
Above 75 to 725 1 1.0
25 to 75 5.5
Less than 25 2.2
%x
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.
Lineage: In force
Similar documents from other regulators
CBSBank Licence FeesSeychelles · 2010-04-21
BOJThe Banking Services (Licence Fees) Regulations, 2015Jamaica · 2015-07-21
BOZ2003 Annual Licence Fees for Commercial BanksZambia · 2002-12-10
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
More like this from CBSL
CBSL published 2 documents in the last 30 days. We email you each new one the day it's published.