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Laws & Regulations

Legislative Enactments

Monetary Law Act (MLA) No. 58 of 1949
An Act to establish the monetary system of Sri Lanka and the Central Bank to administer and regulate the system and to confer and impose upon the Monetary Board of the Central Bank powers, functions and responsibilities necessary for the purpose of such administration and regulation, and to provide for connected matters.

Local Treasury Bills Ordinance No. 8 of 1923
An ordinance to provide for the borrowing of money by the issue of Treasury Bills in Sri Lanka.

Registered Stock and Securities Ordinance No. 7 of 1937
An ordinance to make provision for the creation and issue of registered stock, government promissory notes and bearer bonds for the purpose of raising loans in Sri Lanka.

Exchange Control Act No. 24 of 1953
An Act to make provision conferring powers, and imposing duties and restrictions, in relation to gold, currency, payments, securities, debts, and the import, export, transfer and settlement of property, to authorise the Central Bank to administer the provisions aforesaid, and to provide for matters connected therewith.

Banking Act No. 30 of 1988
An Act to provide for the introduction and operation of a procedure for the licensing of persons carrying on banking business; for the regulation and control of matters relating to the business of banking; and to provide for matters connected therewith or incidental thereto.

Finance Business Act No. 42 of 2011
An Act to provide for control and supervision of finance companies and to provide for matters connected therewith or incidental thereto.

Finance Leasing Act No.56 of 2000
An Act to provide for the regulation and monitoring of finance leasing businesses; to specify the rights and duties of lessors and lessees and suppliers of equipment; and for matters connected therewith or incidental thereto.

Payment and Settlement Systems Act No 28 of 2005
An Act to provide for the regulation of payment, clearing and settlement systems; for the disposition of securities on the books of the Central Bank; for the regulation of providers of money services; for the electronic presentment of cheques; and to provide for matters connected therewith or incidental thereto.

Financial Transactions Reporting Act No. 6 of 2006
An Act to provide for the collection of data relating to suspicious financial transactions to facilitate the prevention, detection, investigation and prosecution of the offences of money laundering and the financing of terrorism respectively; to require certain institutions to undertake due diligence measures to combat money laundering and the financing of terrorism; to identify the authority which will be responsible for monitoring the activities of all institutions to whom this Act applies; and to provide for matters connected therewith or incidental thereto.

Microfinance Act No 6 of 2016
An act to provide for the licensing, regulation and supervision of companies carrying on microfinance business; the registration of non-governmental organizations accepting limited savings deposits as microfinance non-governmental organizations; for the setting up of standards for the regulation and supervision of microfinance non-governmental organizations and micro credit non-governmental organizations and to provide for matters connected therewith or incidental thereto.

Foreign Exchange Act No 12 of 2017
An act to provide for the promotion and regulation of foreign exchange; to vest the responsibility for promoting and regulating foreign exchange in the Central Bank as the agent of the government; to provide for the repeal of the Exchange Control Act (Chapter 423); and to provide for matters connected therewith or incidental thereto.

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