Regulatory Alerts2014-12-02 | Deposit Insurance and Liquidity Support SchemeSri Lanka Deposit Insurance and Liquidity Support Scheme Regulations
The Monetary Board of the Central Bank of Sri Lanka issued these regulations to amend the 2010 Deposit Insurance Scheme Regulations by replacing paragraph 9.6 with a new cap limiting depositor compensation to Rs. 300,000 or its foreign currency equivalent. This revision ensures that total insured deposits remain subject to a maximum payout threshold, regardless of prior calculations. The amended regulations officially come into force on 1 January 2015.
Share