Sri Lanka Deposit Insurance and Liquidity Support Scheme Operating Instructions

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CENTRAL BANK OF SRI LANKA eurdldl Grodunrimeuq; q6lanooroseino Bank Supervision Department <r1 lanuary 2014 Circular No.: 01/2014 To : CEOs of all Member Institutions of Sri Lanka Deposit Insurance and Liquidity Support Scheme Dear Sir/Madam Sri Lanka Deposit Insurance and Liquidity Support Scheme Operating Instructions We write to inform you of the following:

1. In terms of the Sri Lanka Deposit Insurance and Liquidity Support Scheme Regulations No. 1
   of 2013 dated 30.12.2013, the title of the "Sri Lanka Deposit Insurance Scheme" has been renamed as the "Sri Lanka Deposit Insurance and Liquidity Support Scheme" and the title of the "Deposit Insurance Fund" has been renamed as the "Sri Lanka Deposit Insurance and Liquidity Support Fund", with effect from22.ll.20l3. A copy of the Regulation is attached.
2. Further, with the implementation of the new "General Ledger Accounting System" by the
   Central Bank of Sri Lanka, the account number "4681" of the Sri Lanka Deposit Insurance and Liquidity Support Fund has been changed as "54523", with effect from 01 .01.2014.
3. Accordingly, all member institutions are requested to adhere to the following instructions
   with immediate effect:
   (i) The premium on eligible deposits in terms of the Regulation No. 6 of the Sri Lanka Deposit Insurance and Liquidity Support Scheme Regulations No. 1 of 2010 dated 28.09.2010, as amended should be paid to "Sri Lanka Deposit Insurance and Liquidity Support Fund" through RTGS, specially mentioning the account name as ooSri Lanka Deposit Insurance and Liquidity Support Fund - Account Number 54523" or drawing a cheque in favor of the said account. (ii) Make necessary amendments in order to rename the "Sri Lanka Deposit Insurance Scheme" as the "Sri Lanka Deposit Insurance and Liquidity Support Scheme" and the "Deposit Insurance Fund" as the "Sri Lanka Deposit Insurance and Liquidity Support Fund" in the correspondence with the Sri Lanka Deposit Insurance and Liquidity Supporl Scheme (SLDILSS). (iii)Previous e-mail address, "sldis@cbsl.lk" of SLDILSS has been changed as 'o{di!S5_@clrs!!!" and therefore, forward e-mail correspondence to sldilss(a)cbsl.lk with a copy to dbsd@cbsl.lk. Yours faithfully (Mrs.)TMJYPFernando @ Director of Bank Supervision 6 Oeo Oco€, qco 3O, do:6ed O:Oo, 6 e6rb onrg, @o. :o emrplu$ onropbop GtenqgLbq 1 Level 6, N0.30, Janadhipathi Mawatlra, Colombo I tD! . se . 59O, @rDte@ Of, 6 €ploro p. Ou. @o. 590, Genqgrbq 01, Oa)trio6 P.0, B0x.590, Colombo 01, Sd lanka. I %fizttztoolssg (,J g+ f 2477711-A- banksup@cbst.tk @ www.cbsl.gov.lk

6 f,ohc adrnrC$n argrd0rf dnddod 01n0 0003 gB Eocaee The Gazette of theDemocratic SocialistRepublic of SriLanka EXTRAORDINARY g"zo 1843/8 - 2Ol3 oQeel@Ob @ee 30 O18 eegqc - 2013J230 No. 1843/8 - MONDAY DECEMBER 30, 2013 (Published by Authority)
PART I : SECTION (I)
-
GENERAL
Central Bank of Sri Lanka Notices
THE MONETARYLAWACT
REGULATIONS made by the Monetary Board under Sectton32E of the Monetary LawAct, (Chapter 422). Nlvano A:rru Lssr-re Casnaal, Chairman, Monetary Board. Central Bank ofSri Lanka, Colombo, 23'd December,20l3. Sri Lanka Deposit Insurance and Liquidity Support Scheme Regulations Amendment to the Sri Lanka Deposit Insurance Scheme Regulations, No. I of 2010 I .1 These Regulations shall be cited as Sri Lanka Deposit Insurance and Liquidity Support Scheme L citation Regulations, No. I of 2013.
2.1 Sri Lanka Deposit Insurance Scheme Regulations, No. 1 of 2010 publishedin Gazette 2. Amendments
Extraordinary No. 1673/11 of 28th September,2010 is hereby amended as follows :- toj.li,lJl''r''
2.2 ln regulation 3.1 thereof, by the substitution for the words "This Scheme shall be titled Sri
Lanka Deposit Insurance Scheme" of the words "This Scheme shall be titled Sri Lanka Deposit Insurance and Liquidity Support Scheme (hereinafter referred to as "the Scheme")".
2.3 In regulation 7.1 thereof, by the substitution for the words "The Scheme shall have a fund titled
"Deposit lnsurance Fund" " of the words "The Scheme shall have a fund titled "Sri Lanka Deposit Insurance and Liquidity Support Fund" ". This Gazette Extraordinary can be downloaded from www.documcnts.gov.lk 1A

2A I orslcOes , (I) odqcs - @ goroc AdcorcrrJ$zo o@cdOcQ dr.:,dc'o.ol qB Eooe olcsO epco - 2013.12.30 Panr I : Src. (I) - GAZETTE EXTRAORDINARY OF THE DEMOCRATIC SOCIALIST REPUBLIC OF SRI LANKA - 30.12.2013
2.4 ln regulation 9.1 thereof, by the substitution for the words "Deposit Insurance Fund", and
wherever those words occur in these regulations, of the words "Sri Lanka Deposit Insurance and Liquidity Support Fund".
2.5 In regulation 10.5 thereof, by the substitution for the words "Sri Lanka Deposit Insurance
Scheme", and wherever those words occur in these regulations, of the words "Sri Lanka Deposit Insurance and Liquidity Support Scheme".
3. Effective date 3 . 1 These amendments shall come into effect from 22nd Novembeq 20 I 3.
01 -417
PRINTED AT THE DEPARTMENT OF GOVERNMENT PRINTING. SRI LANKA.