Margin Requirements Against Imports

The Monetary Board of the Central Bank of Sri Lanka has issued Banking Act Direction No. 15 of 2021 to establish updated margin requirements for imports under the Banking Act No. 30 of 1988. This directive formally revokes the preceding Banking Act Directions No. 12 of 2021, replacing the prior regulatory framework effective 1 October 2021. Signed by Governor Nivard Ajith Leslie Cabraal, the new mandate exercises statutory powers under Sections 46(1) and 76(J)(1) to standardize capital buffers for import transactions across all regulated banks.