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Rule · CBSL · 18 May 2023 · Banking Act Directions No. 04 of 2023

Margin Requirements Against Imports

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The Central Bank of Sri Lanka issued Banking Act Directions No. 04 of 2023 to mandate immediate margin requirements for all imports under the Banking Act. This directive formally revokes the preceding frameworks established in Directions No. 03 of 2022 and No. 02 of 2023, thereby streamlining regulatory compliance for licensed financial institutions. Operating under Sections 46(1) and 76(J)(1) of the Banking Act No. 30 of 1988, the updated rules take effect immediately to standardize import financing obligations.

Sri LankaCentral Bank of Sri Lanka

[Logo of the Central Bank of Sri Lanka]

MONETARY BOARD
CENTRAL BANK OF SRI LANKA

18 May 2023 | BANKING ACT DIRECTIONS | No. 04 of 2023

MARGIN REQUIREMETNS AGAINST IMPORTS

Issued in terms of the powers conferred by Sections 46(1) and 76(J)(1) of the Banking Act No. 30 of 1988, as amended.

Banking Act Directions No. 03 of 2022 dated 19 May 2022 on Margin Requirements Against Imports and Banking Act Directions No. 02 of 2023 dated 17 February 2023 on Amendment to the Banking Act Directions No. 03 of 2022 on Margin Requirements Against Imports are hereby revoked with immediate effect.

[Signature]

Dr. P Nandalal Weerasinghe
Chairman of the Monetary Board and
Governor of the Central Bank of Sri Lanka

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Amendment to the Banking ActDirections No. 03 of 2022 on Marg…2023 · CBSLAmendment to the Banking Act Directions No. 03 of 2022 on Margin Requirements Against Imports (2023-02-17)Banking Act Directions No. 03 of2022Not in RegAlertBanking Act Directions No. 03 of 2022 — Not in RegAlertMargin Requirements AgainstImports2023-05-18 · this documentMargin Requirements Against Imports (2023-05-18)
amendssupersedesissued underrefers todashed card: not in RegAlert (or proposed)arrows run from the older text to the one that changes it
The links and the sentences they come from (2)
Supersedes
  • Amendment to the Banking Act Directions No. 03 of 2022 on Margin Requirements Against Imports2023 · CBSL

    “Banking Act Directions No. 02 of 2023 dated 17 February 2023 on Amendment to the Banking Act Directions No. 03 of 2022 on Margin Requirements Against Imports are hereby revoked with immediate effect.”

  • Banking Act Directions No. 03 of 2022Not in RegAlert

    “Banking Act Directions No. 03 of 2022 dated 19 May 2022 on Margin Requirements Against Imports ... are hereby revoked with immediate effect.”

Timeline

This document supersedes: Amendment to the Banking Act Directions No. 03 of 2022 on Margin Requirements Against Imports

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