Sri Lanka Deposit Insurance and Liquidity Support Scheme Regulations

The Gazette of the Democratic Socialist Republic of Sri Lanka EXTRAORDINARY No.1891/11 - TUESDAY DECEMBER 02,2014 (Published by Authority)

PART I : SECTION (I)

GENERAL
Central Bank of Sri Lanka Notices

THE MONETARY LAW ACT
REGULATIONS made by the Monetary Board under Section 32E ofthe Monetary Law Act, (Chapter 422).

NIVNNO A.lrru Lnslrn CasRAar-Chairman
Monetary Board
Colombo, 28 November 2014.

Sri Lanka Deposit Insurance and Liquidity Support Scheme Regulations Amendment to the Sri Lanka Deposit Insurance Scheme Regulations, No. I of 2010

1. citation
   These Regulations shall be cited as Sri Lanka Deposit Insurance and Liquidity Support Scheme l. citation Regulations, No. 1 of 2014.

2. Amendment to the principal regulation
   2.1 Sri Lanka Deposit Insurance Scheme Regulations, No. 1 of 2010 published in Gazette ExtraordinaryNo. 1673/11 of 28 September,2010 is hereby amended as follows :-

2.2 In regulation 9 thereof by the repeal of paragraph 9.6 of that regulation and the substitution
of the following paragraph :

"9.6 The amount of compensation payable to a depositor shall be limited to the total insured deposits computed as above, subject to a maximum of Rs. 300,000 or its equivalent in the case of foreign currency deposits, if such amount exceeds Rs. 300,000."

3. Effective date
   3.1 This amendment shall come into effect from 01 January 2015.

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