Regulatory Alerts2022-12-05 | Banking Act Determination No. 01 of 2022Annual Licence Fee of Licensed Commercial and Specialised Banks
The Monetary Board of the Central Bank of Sri Lanka has mandated that all licensed commercial and specialised banks pay their 2023 annual licence fee by 31 January 2023. The fee amount, ranging from Rs. 3.5 million to Rs. 38.0 million, is determined by each institution's total assets as of the end of 2022. Calculated under Sections 8 and 76D(6) of the Banking Act, this tiered structure ensures regulatory contributions align with institutional size.
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