Regulatory Alerts2018-06-06 | Direction No. 3 of 2018Added · Updated
Central Bank of Sri Lanka Finance Leasing Act Directions No. 3 of 2018: Capital Adequacy Requirements
The Central Bank of Sri Lanka issued Directions No. 3 of 2018 to establish minimum capital adequacy ratios for Specialized Leasing Companies, replacing the 2011 framework with a risk-sensitive approach covering credit and operational risks. The directive mandates that SLCs maintain escalating Tier 1 and Total Capital ratios against risk-weighted assets through 2021, with higher surcharges applied to larger institutions. Compliance requires monthly regulatory reporting via a web-based system, while non-compliance triggers measures such as dividend restrictions or business suspensions.
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