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.
05 December 2022 MONETARY BOARI) CENTRAL BAIIK OF SRI LANKA BAI{KING ACT DETERMINATION No.01 of2022 ANNUAL LICENCE FEE OF LICENSED COMMERCIAL BANKS AND LICENSED SPECIALISED BANKS Determination made by the Monetary Board of the Central Bank of Sri Lanka under Sections 8 and 76D (6) of the Banking Act, No. 30 of 1988, as amended. In terms of Sections 8O and 76D (6) of the Banking Act No. 30 of 1988, the Monetary Board has determined that every licensed commercial bank and licensed specialised bank shall pay the licence fee in respect of the calendar year 2023 to the Central Bank of Sri Lanka on or before 3l't January 2023, based on the total assets of such bank as per regulatory reporting as at the end of 2022, as set out in the Table below. Annual licence fee for theyear 2023 Total Assets as at the end2022 @s. Bn) Licence Fee (Rs. Mn) Above 2,000 38.0 Above 1,000 to 2,000 35.0 Above 500 to 1,000 28.5 Above 200 to 500 2s.0 Above 125 to 200 18.s Above 75 to 125 t2.5 25 to 75 6.5 Less than 25 J.J Chairman of the Monetary Board and Governor of the Central Bank of Sri Lanka