44. The Central Bank shall issue general directions, instructions and guidelines, for the proper and efficient implementation, administration and enforcement of the provisions of this Act, and in particular in respect of the following :-
| (a) the execution of its payment policy, control of payment system risk, and the achievement of settlement certainty ; |
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| (b) the format of instructions for the disposition of securities governed by this Act; |
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| (c) the standards for the communication of instructions for the disposition of securities governed by this Act; |
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| (d) statistical information required for the proper and efficient conduct of monetary policy to be provided to the Central Bank by the banks and other financial institutions ; |
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| (e) monitoring of all payment, clearing and settlement systems operated by the Central Bank or through accounts maintained on the books of the Central Bank , |
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| (f) the regulation, licensing and supervision of money service providers, payment systems and designated systems ; |
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| (g) electronic presentment of cheques and all related matters, including the requirements for valid presentment, collection, retention of cheques, the dishonor of cheque so presented and responsibilities of bankers ; and |
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| (h) any other matter specified in this Act. |
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Sri Lanka Consolidated Acts