39. Amendment of section 76J of the principal enactment

Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.

Section 76J of the principal enactment is hereby amended in subsection (1) as follows:-

(1)

by the substitution for the words “regarding the manner in which any aspect of the business of such banks is to be conducted and in particular-” of the following:-

“considering the asset size, scale, diversity and complexity of operations of such banks or for reasons to be stated in writing to any one or more of them, regarding the manner in which any aspect of the business of such banks is to be conducted and in particular -”;

and

(2)

by the repeal of paragraph (k) thereof.

Read on from s 40