Regulatory Alerts2013-05-31 | General Direction No. 01/2013General Direction No. 01 of 2013 - Operations of the Common ATM Switch
The Monetary Board of the Central Bank of Sri Lanka issued General Direction No. 01 of 2013 to regulate the operations of the Common ATM Switch managed by LankaClear (Pvt.) Ltd. This directive mandates that LCPL operates the system around the clock while assigning specific responsibilities to primary and secondary members regarding hardware compliance, cash availability, and settlement obligations. It further establishes strict requirements for business continuity planning, disaster recovery, and confidentiality to ensure the security and uninterrupted functioning of the payment system.
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