Regulatory Alerts2018-01-09 | Regulations No. 01 of 2018Amendments to the Sri Lanka Deposit Insurance Scheme Regulations No. 1 of 2010
The Monetary Board of the Central Bank of Sri Lanka issued these regulations to amend the principal deposit insurance framework by redefining insured liabilities to include equity-converted shares while excluding borrowing instruments. The amendments establish a dedicated Deposit Insurance Unit within the Resolution and Enforcement Department and cap depositor compensation at Rs. 600,000 or its foreign currency equivalent. These regulatory changes take effect on January 1, 2018, updating the operational and financial parameters of the national deposit insurance scheme.
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