Central Bank seeks public feedback on proposed amendments to Finance Business Act

Saturday, 8 November 2025 02:11 - - {{hitsCtrl.values.hits}}

The Central Bank of Sri Lanka (CBSL) has called for public input on proposed amendments to the Finance Business Act (FBA) aimed at strengthening the regulation, supervision and resolution framework for finance companies and addressing unauthorised financial activities.

Recognising the need to reinforce oversight mechanisms within the financial sector, the Central Bank said the proposed changes are designed to enhance the regulation and supervision of Finance Companies (FCs), improve the investigation and prosecution of unauthorised finance businesses, and streamline the resolution and winding up of non-viable finance companies.

The CBSL has invited the general public, stakeholders, and industry participants to submit their views, suggestions, and comments on the draft amendments by 30 November 2025.

The draft amendments can be accessed via the Central Bank’s official website under the public consultation section at https://www.cbsl.gov.lk/en/consultation-papers-for-public-comments.

Feedback can be submitted through post, fax, or email under the subject line “Views/Suggestions/Comments on the draft amendments to the Finance Business Act.”

Submissions should be directed to:

Director, Department of Supervision of Non-Bank Financial Institutions,

Central Bank of Sri Lanka, No. 30, Janadhipathi Mawatha, Colombo 01.

Fax: 011 2477738

Email: [email protected]