Procurement Plan I. General 1. Project information: Country: Democratic Socialist Republic of Sri Lanka Borrower: Ministry of Finance Project Name: Financial Sector Modernization Project Credit No: 6006-LK Project Implementing Agencies: (a) Central Bank of Sri Lanka; (2) Securities and Exchange Commission; (3) Insurance Board of Sri Lanka 2. Bank’s approval Date of the procurement Plan April 04, 2017 3. Date of General Procurement Notice11 May 2018 4. Period covered by this procurement plan: May 01 2018 to September 30, 2019 II. Goods and Works and non-consulting services. 1. Prior Review Threshold: Procurement Decisions subject to Prior Review by the Bank as stated in Appendix 1 to the Guidelines for Procurement: Expenditure Contract Value Procurement Contracts/Processes Subject Category (Threshold) Method to Prior Review Goods and > US$1,000, 000 ICB All contracts above US$ non- 2,000,000 Consulting < US$1,000,000 NCB None Services < US$50,000 Shopping None 3. Proposed Procedures for CDD Components (as per paragraph. 3.17 of the Guidelines: Not applicable 4. Any Other Special Procurement Arrangements: Not applicable 5. Procurement Packages with Methods and Time Schedule Please refer procurement plan on STEP III. Selection of Consultants 1. Prior Review Threshold: Selection decisions subject to Prior Review by Bank as stated in Appendix 1 to the Guidelines Selection and Employment of Consultants: Consultant > US$300,000 All competitive All contracts over US$ Services methods; advertise 1,000,000 equivalent (firms) internationally < US$500,000 All competitive none methods; advertise locally < US$300,000 CQS Selection of Particular All contracts Types of Consultants - UN Agencies Individual IC (Section V of All contracts over US$300,000 Consultants Consultant Guidelines) equivalent 2. Short list comprising entirely of national consultants: Short list of consultants for services, estimated to cost less than $500,000 equivalent per contract, may comprise entirely of national consultants in accordance with the provisions of paragraph 2.7 of the Consultant Guidelines. 3. Any Other Special Selection Arrangements: Not Applicable PROCUREMENT Sri Lanka : Sri Lanka Financial Sector Modernization Project PLAN General Information Country: Sri Lanka Bank’s Approval Date of the Original Procurement Plan: 2018-08-06 2019-11-03 Revised Plan Date(s): (comma delineated, leave blank if none) Project ID: P159303 GPN Date: 2018-05-11 Project Name: Sri Lanka Financial Sector Modernization Project Loan / Credit No: IDA / 60060 Executing Agency(ies): Securities and Exchange Commission of Sri Lanka WORKS Bid Evaluation Activity Reference No. / Draft Bidding Loan / Credit Market Procurement Prequalification Actual Amount Process Draft Pre-qualification Prequalification Specific Procurement Bidding Documents Proposal Submission / Report and Description Component Review Type Method Document / Signed Contract Contract Completion No. Approach Process (Y/N) (US$) Status Documents Evaluation Report Notice / Invitation as Issued Opening / Minutes Recommendation for Justification Award Planned Actual Planned Actual Planned Actual Planned Actual Planned Actual Planned Actual Planned Actual Planned Actual Planned Actual GOODS Bid Evaluation Activity Reference No. / Draft Bidding Loan / Credit Market Procurement Prequalification Actual Amount Process Draft Pre-qualification Prequalification Specific Procurement Bidding Documents Proposal Submission / Report and Description Component Review Type Method Document / Signed Contract Contract Completion No. Approach Process (Y/N) (US$) Status Documents Evaluation Report Notice / Invitation as Issued Opening / Minutes Recommendation for Justification Award Planned Actual Planned Actual Planned Actual Planned Actual Planned Actual Planned Actual Planned Actual Planned Actual Planned Actual Strengthening Regulators’ Institutional Capacity, LK-SEC-73128-GO-RFP / Pending Upgrading the Legal and Open - Single Stage - One Procurement of a Market IDA / 60060 Prior Request for Bids 0.00 Implementati 2019-04-02 2019-04-07 2019-05-19 2019-06-18 2019-07-23 2020-01-19 Regulatory Framework and International Envelope Surveillance System on Modernizing Financial M arket Infrastructure Strengthening Regulators’ LK-SEC-73055-GO-RFP / Institutional Capacity, Pending Procurement of an online Upgrading the Legal and Open - Single Stage - One IDA / 60060 Post Request for Bids 0.00 Implementati 2019-12-16 2019-12-21 2020-02-01 2020-03-02 2020-04-06 2020-10-03 regulatory reporting system Regulatory Framework and International Envelope on for Market Intermediaries Modernizing Financial M arket Infrastructure Strengthening Regulators’ Institutional Capacity, LK-SEC-73139-GO-RFP / Pending Upgrading the Legal and Open - Single Stage - One Procurement of IT System IDA / 60060 Post Request for Bids 0.00 Implementati 2019-12-16 2019-12-21 2020-02-01 2020-03-02 2020-04-06 2020-10-03 Regulatory Framework and International Envelope Infrastructure Requirements on Modernizing Financial M arket Infrastructure NON CONSULTING SERVICES Bid Evaluation Activity Reference No. / Draft Bidding Loan / Credit Market Procurement Prequalification Actual Amount Process Draft Pre-qualification Prequalification Specific Procurement Bidding Documents Proposal Submission / Report and Description Component Review Type Method Document / Signed Contract Contract Completion No. Approach Process (Y/N) (US$) Status Documents Evaluation Report Notice / Invitation as Issued Opening / Minutes Recommendation for Justification Award Planned Actual Planned Actual Planned Actual Planned Actual Planned Actual Planned Actual Planned Actual Planned Actual Planned Actual CONSULTING FIRMS Activity Reference No. / Combined Evaluation Loan / Credit Market Contract Type Actual Amount Expression of Interest Short List and Draft Request for Proposals Opening of Technical Evaluation of Description Component Review Type Method Process Status Terms of Reference Report and Draft Signed Contract Contract Completion No. Approach (US$) Notice Request for Proposals as Issued Proposals / Minutes Technical Proposal Negotiated Contract Planned Actual Planned Actual Planned Actual Planned Actual Planned Actual Planned Actual Planned Actual Planned Actual Planned Actual Page 1 Strengthening Regulators’ Institutional Capacity, LK-SEC-59732-CS-QCBS / Upgrading the Legal and Quality And Cost- Open - Pending TA for Central Counter IDA / 60060 Post 0.00 2020-01-06 2020-01-27 2020-03-26 2020-04-23 2020-05-23 2020-06-27 2020-08-01 2022-02-20 Regulatory Framework and Based Selection International Implementation Party Modernizing Financial M arket Infrastructure Strengthening Regulators’ LK-SEC-73544-CS-QCBS / Institutional Capacity, Consultant Diagnostic Study for DVP Upgrading the Legal and IDA / 60060 Post Qualification Open - National 0.00 Canceled 2018-09-17 2018-10-08 2018-12-06 2019-01-05 2019-02-09 2019-08-08 Policy formulation (Individual Regulatory Framework and Selection consultant) Modernizing Financial M arket Infrastructure LK-SEC-57279-CS-QCBS / TA for Review Corporate Strengthening Regulators’ Governance Framework Institutional Capacity, inline with the International Upgrading the Legal and Quality And Cost- Open - IDA / 60060 Post 0.00 Canceled 2019-11-01 2019-11-22 2020-01-20 2020-02-17 2020-03-18 2020-04-22 2020-05-27 2021-12-15 best practices and Corporate Regulatory Framework and Based Selection International Governance Enhancements, Modernizing Financial M Policy formulation and arket Infrastructure Implementation LK-SEC-59736-CS-QCBS / Strengthening Regulators’ Consultancy Services for a Institutional Capacity, comprehensive diagnostic and Upgrading the Legal and Quality And Cost- Open - Pending action plan for Secondary IDA / 60060 Post 0.00 2020-01-06 2020-01-27 2020-03-26 2020-04-23 2020-05-23 2020-06-27 2020-08-01 2022-02-20 Regulatory Framework and Based Selection International Implementation market architecture ( Modernizing Financial M Corporate Bonds)/ Enabling arket Infrastructure OTC Platforms LK-SEC-59735-CS-QCBS / Strengthening Regulators’ Consultancy Services for Institutional Capacity, strengthening issuance Upgrading the Legal and Quality And Cost- Open - Pending IDA / 60060 Post 0.00 2020-01-06 2020-01-27 2020-03-26 2020-04-23 2020-05-23 2020-06-27 2020-08-01 2022-02-20 regulations, procedures and Regulatory Framework and Based Selection International Implementation supervision framework for Modernizing Financial M Corporate Debt Market arket Infrastructure Strengthening Regulators’ LK-SEC-73053-CS-QCBS / Institutional Capacity, TA for Implementation of Consultant Upgrading the Legal and DVP and policy framework IDA / 60060 Post Qualification Open - National 0.00 Canceled 2018-10-01 2018-10-22 2018-12-20 2019-01-19 2019-02-23 2019-08-22 Regulatory Framework and for CCP implementation Selection Modernizing Financial M (Individual Consultant) arket Infrastructure Strengthening Regulators’ LK-SEC-82935-CS-CQS / Institutional Capacity, Consultancy for enhancing Consultant Upgrading the Legal and Under education and awareness IDA / 60060 Post Qualification Open - National 0.00 2019-02-11 2019-03-04 2019-04-17 2019-05-17 2019-06-21 2019-12-18 Regulatory Framework and Implementation delivery channels -SEC web Selection Modernizing Financial M site/ CMET/CMIC arket Infrastructure LK-SEC-57280-CS-QCBS / Experts for Development of Strengthening Regulators’ Institutional HR Strategy Institutional Capacity, including capacity building Upgrading the Legal and Quality And Cost- Open - training and development for IDA / 60060 Post 0.00 Canceled 2019-03-04 2019-03-25 2019-05-23 2019-06-20 2019-07-20 2019-08-24 2019-09-28 2022-09-28 Regulatory Framework and Based Selection International HR staff (Firm) Modernizing Financial M - Should be experienced in arket Infrastructure handling HR related work for a regulator Strengthening Regulators’ LK-SEC-57270-CS-QCBS / Institutional Capacity, Assessment and Upgrading the Legal and Quality And Cost- Open - Under Implementation of IDA / 60060 Post 0.00 2019-02-11 2019-03-04 2019-05-02 2019-05-30 2019-06-29 2019-08-03 2019-09-07 2022-09-07 Regulatory Framework and Based Selection International Implementation Institutional IT Strategy Modernizing Financial M (Firm) arket Infrastructure Page 2 LK-SEC-57274-CS-QCBS / Strengthening Regulators’ Supervision Expert (Firm) Institutional Capacity, - Implementation of Risk Upgrading the Legal and Quality And Cost- Open - Under Based Supervision and Risk IDA / 60060 Post 0.00 2019-03-04 2019-03-25 2019-05-23 2019-06-20 2019-07-20 2019-08-24 2019-09-28 2021-09-28 Regulatory Framework and Based Selection International Implementation Based Capital Model Modernizing Financial M - Streamlining Supervision arket Infrastructure related activities Strengthening Regulators’ LK-SEC-73135-CS-QCBS / Institutional Capacity, Consultancy for surveillance Consultant Upgrading the Legal and Open - Under to build capacity and IDA / 60060 Post Qualification 0.00 2019-02-11 2019-03-04 2019-05-02 2019-06-01 2019-07-06 2021-07-06 Regulatory Framework and International Implementation enhance the effectiveness of Selection Modernizing Financial M the surveillance function arket Infrastructure Strengthening Regulators’ Institutional Capacity, LK-SEC-73132-CS-QCBS / Consultant Upgrading the Legal and Open - Under Investigations and IDA / 60060 Post Qualification 0.00 2019-04-02 2019-04-23 2019-06-21 2019-07-21 2019-08-25 2021-08-25 Regulatory Framework and International Implementation Enforcement Experts Selection Modernizing Financial M arket Infrastructure LK-SEC-91050-CS-CQS / Strengthening Regulators’ Experts for Development of Institutional Capacity, Consultant Institutional HR Strategy Upgrading the Legal and Open - Pending IDA / 60060 Post Qualification 0.00 2019-03-25 2019-04-15 2019-05-29 2019-06-28 2019-08-02 2020-01-29 including capacity building Regulatory Framework and International Implementation Selection training and development for Modernizing Financial M HR staff arket Infrastructure LK-SEC-74065-CS-QCBS / TA for Review of Corporate Strengthening Regulators’ Governance Framework Institutional Capacity, Consultant inline with International Upgrading the Legal and Open - Pending IDA / 60060 Prior Qualification 0.00 2020-05-13 2020-06-03 2020-08-01 2020-08-31 2020-10-05 2021-04-03 best practices and Corporate Regulatory Framework and International Implementation Selection Governance Enhancements, Modernizing Financial M Policy formulation and arket Infrastructure Implementation INDIVIDUAL CONSULTANTS Activity Reference No. / Invitation to Loan / Credit Market Actual Amount Draft Negotiated Description Component Review Type Method Contract Type Process Status Teams of Reference Identified/Selected Signed Contract Contract Completion No. Approach (US$) Contract Consultant Planned Actual Planned Actual Planned Actual Planned Actual Planned Actual Strengthening Regulators’ LK-SEC-77346-CS-INDV / Institutional Capacity, TA for Implementation of Individual Upgrading the Legal and Under DVP and policy framework IDA / 60060 Post Consultant Open 0.00 2019-02-11 2019-04-01 2019-04-22 2019-05-27 2022-05-27 Regulatory Framework and Implementation for CCP implementation Selection Modernizing Financial M (Individual Consultant) arket Infrastructure Strengthening Regulators’ LK-SEC-77350-CS-INDV / Institutional Capacity, Individual Investigations and Upgrading the Legal and IDA / 60060 Post Consultant Open 0.00 Canceled 2018-12-03 2019-01-21 2019-02-11 2019-03-18 2019-09-14 Enforcement Experts Regulatory Framework and Selection (Individual) Modernizing Financial M arket Infrastructure Strengthening Regulators’ Institutional Capacity, Individual LK-SEC-77348-CS-INDV / Upgrading the Legal and IDA / 60060 Post Consultant Open 0.00 Canceled 2018-12-03 2019-01-21 2019-02-11 2019-03-18 2019-09-14 Surveillance Expert Regulatory Framework and Selection Modernizing Financial M arket Infrastructure Page 3