As enacted

Contents

1. Short title and date of operation

Official English translation. The Sinhala text prevails. Open the official Sinhala text, official PDF on documents.gov.lk

(1)

This Act may be cited as the Central Bank of

Sri Lanka Act, No. 16 of 2023 and shall come into operation on such date as the Minister may appoint by Order published in the Gazette (in this Act referred to as the “appointed date”).

(2)

The appointed date shall be a date not later than a period of six months from the date on which the Certificate is endorsed in respect of this Act in terms of Article 79 of the

Constitution.

Part I

Establishment of the Central Bank

Read on from Part I

Part II

Governing Board, Monetary Policy Board, Governor and Deputy Governors

Read on from Part II

Part III

Employees of the Central Bank

Read on from Part III

Part IV

Inflation Target

Read on from Part IV

Part V

Monetary and Other Operations

Read on from Part V

Part VI

Foreign Exchange Operations and International Reserves

Read on from Part VI

Part VII

Currency and Legal Tender

Read on from Part VII

Part VIII

Payment and Settlement Systems

Read on from Part VIII

Part IX

Supervision and Resolution of Financial Institutions

Read on from Part IX

Part X

Macroprudential Authority

Read on from Part X

Part XI

Financial System Oversight Committee

Read on from Part XI

Part XII

Information Exchange with Financial Sector Authorities

Read on from Part XII

Part XIII

Statistics and Information

Read on from Part XIII

Part XIV

Relationship with the Parliament, the Government and the Public

Read on from Part XIV

Part XV

Credit Operations

Read on from Part XV

Part XVI

Financial Provisions

Read on from Part XVI

Part XVII

Internal and External Audits

Read on from Part XVII

Part XVIII

General Provisions

Read on from Part XVIII

Part XIX

Repeals and Savings

Read on from Part XIX