Regulatory Alerts2016-10-27 | Direction No. 8 of 2016Added · Updated
Microfinance Act Directions No. 08 of 2016: Reporting Requirements
The Central Bank of Sri Lanka issued Microfinance Act Directions No. 08 of 2016 to mandate reporting obligations for Licensed Microfinance Companies. These entities must submit financial statements, including the Statement of Financial Position and Statement of Comprehensive Income, to the Director of the Department of Supervision of Microfinance Institutions. Monthly reports are due by the 15th of the following month, while annual submissions follow the schedule required by the Microfinance Act.
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