Regulatory Alerts2021-05-21 | Circular No. 1 of 2021Added · Updated
Consolidated Operating Instructions on Market Operations
The Central Bank of Sri Lanka issued revised Consolidated Operating Instructions on Market Operations effective 01 June 2021, replacing previous circulars to govern Open Market Operations and Standing Facilities. The document mandates that Participatory Institutions utilize the Online Electronic Bidding System for transactions and defines specific procedures for Short-Term, Long-Term, and Standing Facility auctions. It establishes strict settlement timelines, collateral requirements, and penalty structures for bid defaults or failures to honor deals.
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