LKA Regulatory Hub
Region: South Asia
South Asia governance, risk and compliance intelligence
Central Bank of Sri Lanka
Industries Regulated
Banking and lending
Securities and Exchange Commission of Sri Lanka
Industries Regulated
Capital markets and listed companies
Data Protection Authority of Sri Lanka
Industries Regulated
Cross-sector data controllers and processors
Sri Lanka Computer Emergency Readiness Team
Industries Regulated
Government and critical infrastructure
Supervisory Priorities
The applicable perimeter depends on entity type, licence and sector. These priorities provide a practical starting point for programme design and evidence management.
Regulatory Alignment
Official-source and product-fit review completed 1 September 2026.
The platform directly manages a central process or evidence set described in the requirement.
The platform contributes linked evidence, oversight or follow-up but is not the main system for the requirement.
A weak or unsubstantiated product relationship is intentionally omitted.
| Regulation and Authority | Applies To | Operational Focus | Platform Fit and Workflow Support | Source |
|---|---|---|---|---|
| Banking Act Direction 05 of 2024 on Corporate GovernanceCBSL | Licensed commercial banks and licensed specialised banks | Board and committee governance, risk appetite, internal controls, compliance, internal audit and supervisory accountability. |
 Primary fit Risk and control registers, assessments, appetite or limits, KRIs, treatments, approvals and board reporting.  Primary fit Audit universe, risk-based planning, RCM-linked testing, working papers, evidence, findings and follow-up. BoundaryWorkflow and evidence support only. Applicability and legal interpretation remain with the organisation and its advisers. |
Source |
| Banking Act Direction 16 of 2021 on Technology Risk Management and ResilienceCBSL | Licensed banks in Sri Lanka | Technology governance, risk assessment, critical systems, cybersecurity, incident response, continuity and independent review. |
Primary fit Operational-risk registers, critical-service assessments, controls, KRIs, treatments and leadership reporting.  Primary fit Cyber-event intake, escalation, investigation, root cause, corrective action, recovery tracking and audit trail. Primary fit Risk-based assurance, control testing, evidence, findings, approvals and remediation follow-up. BoundaryGRC workflow and evidence support only. The platforms do not replace technical security monitoring, detection or protection tools. |
Source |
| Circular 02 of 2025 on Reporting IT and Cybersecurity IncidentsCBSL | Licensed banks within the circular’s scope | Incident classification, regulatory notification, progress reporting, root-cause analysis and closure evidence. |
Primary fit Cyber-event intake, escalation, investigation, root cause, corrective action, recovery tracking and audit trail. Supporting fit Risk and control registers, assessments, appetite or limits, KRIs, treatments, approvals and board reporting. BoundaryGRC workflow and evidence support only. The platforms do not replace technical security monitoring, detection or protection tools. |
Source |
| Banking Act Direction 01 of 2026 on OutsourcingCBSL | Licensed banks using outsourced services | Third-party risk, due diligence, contracts, monitoring, concentration, exit plans, incidents and board oversight. |
Primary fit Third-party risks, controls, assessments, treatments, approvals, KRIs and oversight reporting. Primary fit Incident reporting, triage, investigation, root cause, corrective action, escalation and closure. BoundaryWorkflow and evidence support only. Applicability and legal interpretation remain with the organisation and its advisers. |
Source |
| Personal Data Protection Act No. 9 of 2022DPA | Controllers and processors within the Act’s scope | Data governance, impact assessment, security, processor oversight, breach response and accountability records. |
Primary fit Incident intake, assessment, investigation, notification workflow, corrective action, escalation and closure evidence. Supporting fit Privacy risks, controls, assessments, treatment actions, ownership, approvals and management reporting. BoundaryWorkflow and evidence support only. Applicability and legal interpretation remain with the organisation and its advisers. |
Source |
This mapping is an implementation aid, not legal advice. It describes configurable workflow and evidence support, not automatic compliance. Always validate applicability, current versions, implementation dates and supervisory expectations with qualified advisers and the relevant authority.
The mapping uses the capabilities documented in the current brochures. It does not extend the platforms beyond their stated functional scope.
Best suited to enterprise risk ownership, risk and control registers, assessments, appetite and tolerances, KRIs, treatments, approvals, dashboards and board reporting.
Best suited to the audit universe, risk-based planning, engagement execution, RCM-linked design and effectiveness testing, evidence, findings, approvals and follow-up.
Best suited to incident intake, triage, investigation, root-cause analysis, escalation, notifications, corrective and preventive actions, closure and lessons learned.
Scope boundary
Connected Operating Model
Structure local requirements by entity, licence, authority and accountable owner.
Link obligations to risks, controls, incidents, tests, findings and remediation.
Track KRIs, control status, audit coverage, incidents and action closure continuously.
Regional Coverage
Delaware, United States
Karachi, Pakistan
Riyadh, Saudi Arabia
Melbourne, Australia
