Regulatory Alerts2022-02-28 | General Direction No. 01 of 2022General Direction on Sri Lanka Interbank Payment System No. 01 of 2022
The Monetary Board of the Central Bank of Sri Lanka issued General Direction No. 01 of 2022 to regulate the Sri Lanka Interbank Payment System (SLIPS) under the Payment and Settlement Systems Act No. 28 of 2005. This directive replaces the 2011 version and establishes binding operational, security, and confidentiality requirements for LankaClear (Pvt) Ltd. and all SLIPS participants. It mandates specific responsibilities for transaction processing, business continuity planning, dispute resolution, and compliance with reporting obligations to ensure system safety and efficiency.
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