📈 CBSL Proposes FBA Amendments: Public Input Requested

The Central Bank of Sri Lanka (CBSL) has invited public input on draft amendments to the Finance Business Act (FBA). These changes are designed to significantly reinforce the oversight mechanisms and resolution framework within the financial sector by focusing on three main areas: • Enhancing the regulation and supervision framework for licensed Finance Companies (FCs). • Strengthening the investigation and prosecution mechanisms for unauthorised finance businesses. • Streamlining the resolution and winding-up process for non-viable FCs. All stakeholders, industry participants, and the general public are invited to submit their views, suggestions, and comments by 30 November 2025. Feedback can be submitted via post, fax (011 2477738), or email to [email protected] (Subject: Views/Suggestions/Comments on the draft amendments to the Finance Business Act).